Financial Literacy : Implications for Retirement Security and the Financial Marketplace Hardback
Edited by Olivia S. (International Foundation of Employee Benefit Plans Professor Chair and Professo Mitchell, Annamaria (, George Washington University and the National Bureau of Economic Research) Lusardi
Part of the Pensions Research Council series
Hardback
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Description
As financial markets grow ever more complex and integrated, households must make increasingly sophisticated and all-too-often irreversible economic decisions.
This is particularly evident in retirement decision-making.
Traditional defined benefit pension schemes are being replaced with defined contribution pensions; employer and government judgment regarding how much to save and where to invest has been replaced by employees having to make these choices on their own (sometimes assisted by advisers); and retirees have become responsible for managing their own pension assets.
This volume explores how financial literacy can enhance peoples' ability to make informed economic choices.
It proposes that financial literacy determines how well people make and execute saving, investing, borrowing, and planning decisions.
It examines causality using controlled settings to disentangle whether financial literacy causes saving or vice versa, and demonstrates that financial education programs do indeed enhance financial decision-making and asset accumulation.
Information
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Out of StockMore expected soonContact us for further information
- Format:Hardback
- Pages:328 pages
- Publisher:Oxford University Press
- Publication Date:27/10/2011
- Category:
- ISBN:9780199696819
Information
-
Out of StockMore expected soonContact us for further information
- Format:Hardback
- Pages:328 pages
- Publisher:Oxford University Press
- Publication Date:27/10/2011
- Category:
- ISBN:9780199696819