The DOI matches its Crossref record; 33 of the 33 references it cites were found in a registry or an index.
Financial literacy and retirement planning in Germany
Abstract
We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have low financial literacy compared to their West German counterparts. Interestingly, there is no gender disparity in financial knowledge in the East. In order to investigate the nexus of causality between financial literacy and retirement planning, we develop an instrumental variables strategy by making use of regional variation in the financial knowledge of peers. We find a positive impact of financial knowledge on retirement planning.
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Cites
Multiple Imputation for Nonresponse in Surveys
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Self-citationBaby Boomer retirement security: The roles of planning, financial literacy, and housing wealth
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Self-citationSocial Interaction and Stock‐Market Participation
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Financial Literacy and Planning: Implications for Retirement Wellbeing
Lusardi, A., & Mitchell, O. (2011) · National Bureau of Economic Research · doi:10.3386/w17078 · Cited by 1,253
Self-citationThy Neighbor's Portfolio: Word‐of‐Mouth Effects in the Holdings and Trades of Money Managers
HONG, H., KUBIK, J. D., & STEIN, J. C. (2005) · The Journal of Finance · doi:10.1111/j.1540-6261.2005.00817.x · Cited by 930
Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates
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Neighbors Matter: Causal Community Effects and Stock Market Participation
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Cited by
The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi, A., & Mitchell, O. S. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.1.5 · Cited by 4,698
Self-citationFinancial Literacy, Financial Education, and Downstream Financial Behaviors
Fernandes, D., Lynch, J. G., & Netemeyer, R. G. (2014) · Management Science · doi:10.1287/mnsc.2013.1849 · Cited by 2,152
Financial literacy and the need for financial education: evidence and implications
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Self-citationFinancial Literacy, Financial Education, and Economic Outcomes
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Financial literacy, financial advice, and financial behavior
Stolper, O. A., & Walter, A. (2017) · Journal of Business Economics · doi:10.1007/s11573-017-0853-9 · Cited by 471
“More specifically, Bucher-Koenen (2011) finds that Riester participation is disproportionately low among those German households with the lowest levels of financial literacy, although this group is eligible for the relatively highest government subsidies (see, e.g., Coppola and Gasche 2011).”
Metadata
- Authors
- BUCHER-KOENEN, T., & LUSARDI, A.
- Venue
- Journal of Pension Economics and Finance
- Publisher
- Cambridge University Press (CUP)
- Published
- 2011-10
- Volume
- 10
- Issue
- 4
- Pages
- 565-584
- ISSN
- 1474-7472 (ISSN-L)
- 1475-3022
- OpenAlex
- W3124105614
- Cited by
- 513
- References
- 33
- FWCI
- 61.78
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
