Financial literacy and retirement planning in the Netherlands

被引：240
|
作者：
van Rooij, Maarten C. J. [1 ,2 ]
Lusardi, Annamaria [2 ,3 ,4 ]
Alessie, Rob J. M. [2 ,5 ,6 ]
机构：
[1] De Nederlandsche Bank, Econ & Res Div, NL-1000 AB Amsterdam, Netherlands
[2] Netspar, NL-5000 LE Tilburg, Netherlands
[3] George Washington Sch Business, Washington, DC 20052 USA
[4] Dartmouth Coll, Dept Econ, Hanover, NH 03755 USA
[5] Univ Groningen, Sch Business & Econ, NL-9700 AV Groningen, Netherlands
[6] Tinbergen Inst, NL-1082 MS Amsterdam, Netherlands
来源：
JOURNAL OF ECONOMIC PSYCHOLOGY | 2011年 / 32卷 / 04期
关键词：
Thinking about retirement; Knowledge of finance and economics; Financial sophistication; Economics courses in school; PREFERENCES;
D O I：
10.1016/j.joep.2011.02.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The complexity of financial decisions that households now face has increased to unprecedented levels. At the same time, households seem to lack the financial knowledge to cope with these decisions, including how to save and invest adequately for retirement. In this paper, we examine the relationship between financial knowledge and retirement planning in the Netherlands. For this purpose, we have designed a module on financial literacy and planning for the De Nederlandsche Bank (DNB) Household Survey. We find a strong and positive relationship between financial knowledge and retirement planning; those who are more financially knowledgeable are more likely to plan for retirement. Using information on economics education acquired in school, we show that the nexus of causality goes from financial literacy to planning rather than the other way around. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码：593 / 608
页数：16
相关论文
共 50 条
  • [21] The Effect of Financial Literacy in Retirement Planning, Precautionary Saving and Insurance Planning
    Naufaldi, Muhammad Alif
    Baskoro, Rahmat Aryo
    [J]. VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE, 2019, : 2323 - 2333
  • [22] The Effects of Financial Attitudes, Financial Literacy and Health Literacy on Sustainable Financial Retirement Planning: The Moderating Role of the Financial Advisor
    Mustafa, Wan Mashumi Wan
    Islam, Md. Aminul
    Asyraf, Muhammad
    Hassan, Md. Sharif
    Royhan, Pradip
    Rahman, Shafiqur
    [J]. SUSTAINABILITY, 2023, 15 (03)
  • [23] A FRAMEWORK FOR RETIREMENT PLANNING BASED ON FINANCIAL LITERACY AND WEALTH ACCUMULATION
    Lok, Stanley Yap Peng
    Ying, Chong Wei
    Wei, Leow Hon
    [J]. PROCEEDINGS OF THE 6TH BUSINESS & MANAGEMENT CONFERENCE, 2017, : 142 - 151
  • [24] Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning
    Yeh, Tsung-ming
    Ling, Yue
    [J]. JOURNAL OF FAMILY AND ECONOMIC ISSUES, 2022, 43 (01) : 169 - 186
  • [25] Retirement planning and financial literacy, at the crossroads. A bibliometric analysis
    Gallego-Losada, Rocio
    Montero-Navarro, Antonio
    Rodriguez-Sanchez, Jose-Luis
    Gonzalez-Torres, Thais
    [J]. FINANCE RESEARCH LETTERS, 2022, 44
  • [26] Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning
    Tsung-ming Yeh
    Yue Ling
    [J]. Journal of Family and Economic Issues, 2022, 43 : 169 - 186
  • [27] Financial Literacy and Retirement Planning among Government Officers in Malaysia
    Tan, Shirley
    Singaravelloo, Kuppusamy
    [J]. INTERNATIONAL JOURNAL OF PUBLIC ADMINISTRATION, 2020, 43 (06) : 486 - 498
  • [28] Financial Literacy Confidence and Retirement Planning: Evidence from China
    Chen, Bingzheng
    Chen, Ze
    [J]. RISKS, 2023, 11 (02)
  • [29] The effect of financial literacy and gender on retirement planning among young adults
    Garcia Mata, Osvaldo
    [J]. INTERNATIONAL JOURNAL OF BANK MARKETING, 2021, 39 (07) : 1068 - 1090
  • [30] Logistic regression analysis of financial literacy implications for retirement planning in Croatia
    Barbic, Dajana
    Palic, Irena
    Bahovec, Vlasta
    [J]. CROATIAN OPERATIONAL RESEARCH REVIEW, 2016, 7 (02) : 319 - 331
12345