Financial Literacy, Retirement Planning and Household Wealth†

By M.C.J. van Rooij, Anna Lusardi, Rob J M Alessie. 2012

346 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/9fd7943b96ba273b3a23cbd810a33b36cd9f14d4

How researchers see this paper

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

In Accounting

1. Oscar Stolper
2. A. Walter
3. Yoshihiko Kadoya
4. Mostafa Saidur Rahim Khan
5. M. Kramer

In Demography

1. Oscar Stolper
2. A. Walter
3. Yoshihiko Kadoya
4. Mostafa Saidur Rahim Khan
5. M. Kramer

In Economics and Econometrics

1. Oscar Stolper
2. A. Walter
3. Yoshihiko Kadoya
4. Mostafa Saidur Rahim Khan
5. M. Kramer

Citations in the corpus

• What determines financial literacy in Japan? (2019, positive): “Financial literacy improves retirement planning (Lusardi and Mitchell, 2011b), the ability to save and invest in complex financial assets (Van Rooij et al., 2011), and wealth accumulation through better retirement planning, savings plans, and stock market investments (Van Rooij et al., 2012).”
• Financial literacy, financial advice, and financial behavior (2017, positive): “Van Rooij et al. (2012), e.g., provide evidence of a strong positive association between financial literacy and financial wealth and argue that it is financial literacy, which facilitates wealth accumulation.”
• The Economic Importance of Financial Literacy: Theory and Evidence (2014, neutral): “36 See for instance Ameriks, Caplin, and Leahy (2003); van Rooij, Lusardi, and Alessie (2012); and Lusardi and Mitchell (2007a, b; 2009).”
• Financial Literacy and High-Cost Borrowing in the United States (2013, neutral): “…and finance play a role in affecting high-cost borrowing, as is reported in many other papers studying the effect of financial literacy on saving behavior and portfolio choice (Van Rooij, Lusardi, and Alessie 2011, 2012; Lusardi and Mitchell, 2011a,b; and Behrman, Mitchell, Soo, and Bravo, 2010).”
• Financial Literacy, Confidence and Financial Advice Seeking (2016, positive): “To obtain scores on financial literacy for each respondent, we performed a factor analysis similar to Van Rooij et al. (2011a) on both our datasets.”
• Precautionary Savings, Retirement Planning and Misperceptions of Financial Literacy (2017, neutral): “In all specifications, older, higher income respondents are more likely to have saved, as are more educated respondents, and respondents 9Van Rooij, Lusardi, and Alessie (2012) show that financial literacy is related to retirement planning in a sample of Dutch households.”
• FINANCIAL LITERACY, FINANCIAL EDUCATION AND ECONOMIC OUTCOMES (2012, neutral): “Subsequent research has found that financial literacy is positively correlated with planning for retirement, savings, and wealth accumulation (Ameriks et al. 2003; Lusardi 2004; Lusardi & Mitchell 2006, 2007; Stango & Zinman 2009; Hung et al. 2009; van Rooij et al. 2012).”
• How Financially Literate Are Women? An Overview and New Insights (2017, neutral): “The gender gap in financial literacy is also evident when using a larger set of questions (up to 16) that assess understanding of both simple and complex financial concepts among Dutch, American, and German respondents (see Van Rooij, Lusardi, and Alessie 2011; Lusardi and Mitchell 2009; and Bucher-”
• Gender differences in financial risk taking: The role of financial literacy and risk tolerance☆ (2016, neutral): “The gender gap in stock market participation is usually explained either by women’s lower financial knowledge (Van Rooij et al., 2012; Lusardi and Mitchell, 2008), lower numeracy (Almenberg and Dreber, 2015), lack of familiarity with financial products (Prast et al., 2014) or lower risk tolerance…”