金融知识
退休计划
学历
多元化(营销策略)
读写能力
财务计划
健康与退休研究
人口经济学
成人识字
经济
业务
财务
经济增长
人口学
社会学
营销
作者
David Boisclair,Annamaria Lusardi,Pierre‐Carl Michaud
出处
期刊:Journal of Pension Economics & Finance
[Cambridge University Press]
日期:2015-10-20
卷期号:16 (3): 277-296
被引量:161
标识
DOI:10.1017/s1474747215000311
摘要
Abstract In this paper, we draw on internationally comparable survey evidence on financial literacy and retirement planning in Canada to investigate how financially literate Canadians are and how financial literacy is linked to retirement planning. We find that 42% of respondents are able to correctly answer three simple questions measuring knowledge of interest compounding, inflation, and risk diversification. This is consistent with evidence from other countries, and Canadians perform relatively well in comparison with Americans but worse than individuals in other countries, such as Germany. Among Canadian respondents, the young and the old, women, minorities, and those with lower educational attainment do worse, a pattern that has been consistently found in other countries as well. Retirement planning is strongly associated with financial literacy; those who responded correctly to all three financial literacy questions are 10 percentage points more likely to have retirement savings.
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