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ABSTRACT We study the relationship between financial literacy and retirement planning in China. We find that higher scores on the financial literacy questions are associated not only with a higher… Click to show full abstract
ABSTRACT We study the relationship between financial literacy and retirement planning in China. We find that higher scores on the financial literacy questions are associated not only with a higher probability of retirement planning, but also a higher propensity to actively use financial markets for retirement preparation. These relationships are robust to taking into account the endogeneity of financial literacy.
Keywords:
planning evidence;
literacy retirement;
financial literacy;
literacy;
retirement planning
Journal Title: Applied Economics Letters
Year Published: 2018
Link to full text (if available)
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Journal Title: Applied Economics Letters
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!