How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness

By Anna Lusardi, Olivia S. Mitchell. 2009

852 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/45d948f99ef8c54b046f1d712931bde1746e3755

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Demography

In Economics and Econometrics

Citations in the corpus

Financial Literacy, Retirement Planning and Household Wealth† (2012, neutral): “Second, ﬁnancial literacy is found to be positively associated with retirement planning behaviour (Ameriks et al. , 2003; Lusardi and Mitchell, 2007, 2009, 2011 a ) and our empirical results suggest that respondents with more conﬁdence in their ﬁnancial knowledge have a higher propensity to plan.”
Financial Literacy and Credit Card Behaviors: A Cross-Sectional Analysis by Age (2013, background): “This interest in financial literacy has spawned extensive research on how financial literacy influences decision making and improves the financial capability of adults (e.g., Braunstein and Welch 2002; Hilgert et al. 2003; Lusardi and Mitchell 2007; Gale and Levine 2011; Hastings et al. 2012).”
Financial Literacy and the Financial Crisis (2012, neutral): “…asked in other surveys, such as the U.S. Health and Retirement Study, the American Life Panel, and the English Longitudinal Study on Aging, and have been shown to measure both numeracy and financial knowledge (Lusardi and Mitchell, 2009, 2011c; Banks and Obsfeld, 2007; Stango and Zinman, 2009).”
Understanding Tax Policy: How Do People Reason? (2020, neutral): “(2013) for a review, as well as Lusardi and Mitchell (2017) and Lusardi et al. (2017) among others).”
Numeracy, financial literacy, and financial decision-making (2012, neutral): “They were also included in the RAND American Life Panel (ALP), covering all ages (Lusardi and Mitchell 2009), and more recently they were added to the 2009 U.S. Financial Capability Study (Lusardi and Mitchell 2011d).”