TY  - UNPD
A1  - Lusardi, Annamaria
A1  - Mitchell, Olivia S.
T1  - How ordinary consumers make complex economic decisions: financial literacy and retirement readiness
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2010,11
N2  - This paper explores who is financially literate, whether people accurately perceive their own economic decision-making skills, and where these skills come from. Self-assessed and objective measures of financial literacy can be linked to consumers’ efforts to plan for retirement in the American Life Panel, and causal relationships with retirement planning examined by exploiting information about respondent financial knowledge acquired in school. Results show that those with more advanced financial knowledge are those more likely to be retirement-ready.
T3  - CFS working paper series - 2010, 11 
KW  - Financial Knowledge
KW  - Financial Sophistication
KW  - Retirement Planning
KW  - Finanzplanung
KW  - Kenntnis
KW  - Ruhestand
Y1  - 2010
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/7904
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-78630
ER  -