Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel

By Anna Lusardi, Olivia S. Mitchell. 2007

433 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/45d71c5510db27854463c7551bd98e7791592661

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Citations in the corpus

Information Disclosure, Cognitive Biases and Payday Borrowing and Payday Borrowing (2011, background): “5 Lusardi and Mitchell (2004; 2007), Bernheim and Garrett (2003); Lusardi and Tufano (2008).”
The Outlook for Financial Literacy (2011, background): “Financial literacy and financial decision-making In our own prior work (Lusardi and Mitchell, 2007a, 2007b, 2007c, 2008, 2009), as well as in this volume (Lusardi and Mitchell, 2011), we examine how many different groups understand basic financial concepts and plan for retirement.”
Impact of Financial Literacy and Investment Experience on Risk Tolerance and Investment Decisions: Empirical Evidence from Pakistan (2016, background): “Financial illiteracy is very high among specific age, gender, income and qualification (Lusardi and Mitchell, 2007b; 2008) Evidence of less education and less financial sophistication is also shown in less age respondents.”
Planning and Financial Literacy: How Do Women Fare? (2008, positive): “The fact that we find such a small number of planners confirms results in other papers that use a different measure of planning (Lusardi and Mitchell 2007a).”
Debt literacy, financial experiences, and overindebtedness* (2015, background): “For example, the less financially literate are found to be less likely to plan for retirement (Lusardi and Mitchell, 2007, 2008, 2011a, c), to accumulate wealth (Stango and Zinman, 2009), and to participate in the stock market (Christelis et al., 2010; van Rooij et al., 2011; Yoong, 2011).”
Financial Illiteracy and Stock Market Participation: Evidence from the RAND American Life Panel (2010, positive): “…is particularly true for the US population given institutional changes shifting the burden of postretirement planning to the individual via the spread of defined contribution (DC) pension plans, leaving those who do not plan for retirement with lower net wealth (Lusardi and Mitchell, 2006, 2007).”
Financial literacy and retirement planning in Sweden* (2011, positive): “The questionnaire includes questions measuring financial literacy that are largely based on those designed by Annamaria Lusardi and Olivia Mitchell for the 2004 U.S. Health and Retirement Study (HRS) and the Rand American Life Panel (ALP) (see Lusardi and Mitchell, 2007b, 2011).”
Measuring Financial Literacy (2010, positive): “Thus, initial instruments consisting of as few as three items (Henry, Weber, and Yarbrough 2001; Lusardi 2008a; Lusardi and Mitchell 2007a, 2007c, 2008c) would appear to be deficient to capture the breadth of human capital specifically related to personal finance.”
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?: Financial Literacy and Household Portfolio Diversification (2015, positive): “Juster, Smith, and Stafford (1999), Christelis, Jappelli, and Padula (2010), Bilias, Georgarakos, and Haliassos (2010), and Christelis, Georgarakos, and Haliassos (2010); or Lusardi and Mitchell (2007a) are some exemplary studies using and describing these datasets for related questions.”
FINANCIAL LITERACY, FINANCIAL EDUCATION AND ECONOMIC OUTCOMES (2012, neutral): “…relationship has been documented for credit counseling (Staten 2006), retirement seminars (Bernheim & Garrett 2003, Lusardi 2004), optional high school programs (Boyce & Danes 2004), more general financial literacy education (Lusardi & Mitchell 2007), and the military (Bell et al. 2008, 2009).”
Can Facebook Predict Stock Market Activity (2013, background): “Frazzinia and Lamont, 2008) as they have limited financial capability (Lusardi and Mitchell, 2007) and engage in more attention-based trading (Kumar and Lee, 2006; Barber and Odean, 2008).”
Handbook of Consumer Finance Research (2008, background): “& Stich, 2008 ; Kim, 2000 ; Kim, Garman, & Quach, 2005 ; Munnell, Sundén, & Taylor, 2001 /2002; Lusardi & Mitchell, 2007 ).”