| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17109 |
| 来源ID | Working Paper 17109 |
| Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands | |
| Rob J. Alessie; Maarten van Rooij; Annamaria Lusardi | |
| 发表日期 | 2011-06-02 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for their retirement in 2010. At the same time, employees' expectations about the level of their pension income are high compared to what retirement plans may realistically provide. However, financially knowledgeable employees report lower expected replacement rates and acknowledge higher levels of uncertainty. Moreover using instrumental variables estimates for financial knowledge, we find a positive effect of financial literacy on retirement preparation. Employing the panel feature of our dataset, we show that financial knowledge has a causal impact on retirement planning. Our findings suggest that the formation of pension expectations might be an important mechanism contributing to the impact of financial literacy on planning. |
| 主题 | Microeconomics ; Households and Firms ; Behavioral Economics |
| URL | https://www.nber.org/papers/w17109 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574784 |
| 推荐引用方式 GB/T 7714 | Rob J. Alessie,Maarten van Rooij,Annamaria Lusardi. Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17109.pdf（169KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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