The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Financial Literacy and Planning: Implications for Retirement Wellbeing
Open accessAbstract
Relatively little is known about why people fail to plan for retirement and whether planning and information costs might affect retirement saving patterns.This paper reports on a purpose-built survey module on planning and financial literacy for the Health and Retirement Study which measures how people make financial plans, collect the information needed to make these plans, and implement the plans.We show that financial illiteracy is widespread among older Americans, particularly women, minorities, and the least educated.We also find that the financially savvy are more likely to plan and to succeed in their planning, and they rely on formal methods such as retirement calculators, retirement seminars, and financial experts, instead of family/relatives or co-workers.These results have implications for targeted financial education efforts.
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Planning and Financial Literacy: How Do Women Fare?
Lusardi, A., & Mitchell, O. S. (2008) · American Economic Review · doi:10.1257/aer.98.2.413 · Cited by 1,512
Self-citationHow Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness
Lusardi, A., & Mitchell, O. (2009) · doi:10.3386/w15350 · Cited by 587
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Cited by
HUSTON, S. J. (2010) · Journal of Consumer Affairs · doi:10.1111/j.1745-6606.2010.01170.x · Cited by 2,558
Financial 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 Retirement Preparedness: Evidence and Implications for Financial Education
Lusardi, A., & Mitchelli, O. S. (2007) · Business Economics · doi:10.2145/20070104 · Cited by 1,596
Self-citationPlanning and Financial Literacy: How Do Women Fare?
Lusardi, A., & Mitchell, O. S. (2008) · American Economic Review · doi:10.1257/aer.98.2.413 · Cited by 1,512
Self-citationFinancial literacy and the need for financial education: evidence and implications
Lusardi, A. (2019) · Swiss Journal of Economics and Statistics · doi:10.1186/s41937-019-0027-5 · Cited by 1,135
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Metadata
- Authors
- Lusardi, A., & Mitchell, O.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2011-05
- OpenAlex
- W2115327771
- Cited by
- 1,253
- References
- 2
- Type
- report
- Language
- en
- Open access
- green
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