Arbeitspapier
Disparities in financial literacy, pension planning, and saving behavior
Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large field experiment, we employ a digital pension aggregation tool to confront a treatment group with a simplified overview of their current pension claims across all pillars of the pension system. We combine survey and administrative bank data to measure the effects on actual saving behavior. Access to the tool decreases pension uncertainty for treated individuals. Average savings increase|especially for the financially less literate. We conclude that simplification of pension information can potentially reduce disparities in pension planning and savings behavior.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 22-037
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
Portfolio Choice; Investment Decisions
- Thema
-
saving behavior
retirement planning
digital planning tool
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bucher-Koenen, Tabea
Hackethal, Andreas
Kasinger, Johannes
Laudenbach, Christine
- Ereignis
-
Veröffentlichung
- (wer)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (wo)
-
Mannheim
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bucher-Koenen, Tabea
- Hackethal, Andreas
- Kasinger, Johannes
- Laudenbach, Christine
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Entstanden
- 2022
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