Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth

By Anna Lusardi, Olivia S. Mitchell. 2006

2,303 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/00da3ce23337303d576a79756422528ea8954366

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Citations in the corpus

Financial Sophistication in the Older Population (2012, neutral): “Moreover, financial illiteracy is particularly acute among particular subgroups including women, minorities, and those with low income and education (Lusardi and Mitchell, 2007, 2008).”
THE INFLUENCE OF FINANCIAL LITERACY, FINANCIAL BEHAVIOR AND INCOME ON INVESTMENT DECISION (2018, background): “Meanwhile, according to Lusardi & Mitchell (2007) describes financial literacy is the knowledge that someone has about financial instruments, including, one's knowledge about savings or saving, insurance or insurance, investment and other financial instruments.”
Financial Capability in the United States: Consumer Decision-Making and the Role of Social Security (2010, positive): “While one could argue that it is wealth that causes more planning, in fact Lusardi and Mitchell (2007a) show that exogenous shocks to wealth did not generate more planning, while planning ends up generating higher amounts of wealth.”
Gender- and education-related effects of financial literacy and confidence on financial wealth (2018, background): “…however, explains variations in perceived ability with metacognitive 1Financial literacy has been linked, inter alia, to retirement planning (Lusardi and Mitchell, 2007; Lusardi and Mitchell, 2008; Van Rooij et al., 2012), stock market participation (Van Rooij et al., 2011; Balloch et al.,…”
Optimal Portfolio Choice over the Life-Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts (2011, neutral): “A possible explanation for the difference may be lack of financial literacy and inertia (Lusardi and Mitchell 2007).”
Financial Literacy: Implications for Retirement Security and the Financial Marketplace (2012, neutral): “Prior work has established that planning has important implications for wealth accumulation (Lusardi and Mitchell, 2007 a , 2007 b ).”
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice (2011, positive): “The questions are similar to those in Lusardi and Mitchell (2007b), they are discussed in detail and compared to other measures in Hung et al. (2009).”
Smart Money? The Effect of Education on Financial Outcomes (2014, neutral): “Lusardi et al. (2011) report that only one-quarter of the U.”
Financial Literacy, Portfolio Choice and Financial Well-Being (2016, background): “Financial wellbeing has been defined in various way, such as retirement planning (Lusardi and Mitchell 2005), financial management (Lusardi and Mitchell 2007; Vlaev and Elliott 2013), capability of dealing with debt (Tsai et al.”
Financial Knowledge and Best Practice Behavior. (2011, background): “…knowledge among United States citizens of all ages (Avard, Manton, English, & Walker, 2005; Chen & Volpe, 1998; Hilgert, Hogarth, & Beverly, 2003; Jump$tart, 2008; Lusardi & Mitchell, 2007; Mandell & Klein, 2009; Markovich & DeVaney, 1997; Volpe, Chen, & Liu, 2006; Warwick & Mansfield, 2000).”
Financial literacy and fraud detection* (2019, background): “…services (Banerjee et al., 2018), better at engaging in day-to-day ﬁnancial management activities such as retirement planning and wealth accumulation (Lusardi & Mitchell, 2007a,b, 2011; Klapper & Panos, 2011), more likely to participate in ﬁnancial markets (Van Rooij et al., 2011; Yoong, 2011;…”
The Effects of Perceived and Actual Financial Literacy on Financial Behaviors (2016, positive): “These test measures of financial literacy have been put to productive use by economists in research studies to explain many different financial behaviors, such as retirement planning (Lusardi and Mitchell 2007; Lusardi and Mitchell, 2008; van Rooij et al. 2011a; Lusardi and Mitchell 2011), wealth ac”
Exposure to Daily Price Changes and Inflation Expectations (2019, positive): “The questions on risk aversion and numeracy follow the design in Lusardi and Mitchell (2007).”