An empirical study on how financial literacy contributes to preparation for retirement

研究成果: ジャーナルへの寄稿学術誌査読

6 被引用数 (Scopus)

抄録

This study provides empirical evidence on the mechanisms through which financial literacy may be associated with saving for retirement, in the three phases of the decision-making process - information perception, information search and evaluation, and decision-making and implementation. The results indicate that financial literacy has significantly positive effects on one's awareness of post-retirement financial needs, comparing alternatives when purchasing financial products, displaying fewer present-time bias, and planning for and setting aside funds for retirement. Financial literacy not only directly contributes to planning for the future, but also indirectly via a reduction in behavioral biases.

本文言語英語
ページ(範囲)237-259
ページ数23
ジャーナルJournal of Pension Economics and Finance
21
2
DOI
出版ステータス出版済み - 4月 8 2022

!!!All Science Journal Classification (ASJC) codes

  • 財務
  • 経済学、計量経済学
  • 組織的行動および人的資源管理

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