Retirement Financial Behaviour: How Important Is Being Financially Literate?

被引：0
作者：
J. C. Hauff
A. Carlander
T. Gärling
G. Nicolini
机构：
[1] University of Gothenburg,School of Business, Economics and Law
[2] University of Gothenburg,Department of Psychology
[3] Tor Vergata,undefined
来源：
Journal of Consumer Policy | 2020年 / 43卷
关键词：
Financial literacy; Financial retirement behaviour; Survey data; Literacy measures;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Using Item Response Theory to analyse survey data from a representative sample of 551 Swedish citizens, a new 16-question measure of fact-based financial literacy is developed and validated. Uni-dimensionality of the measure is verified, and expected correlations are observed with an existing measure of fact-based financial literacy, a measure of subjective financial literacy or confidence, and age, gender, and income. A significant impact of fact-based and subjective financial literacy are found on three time-ordered stages of individuals’ retirement behaviour: planning, saving, and investment management. It is concluded that policies increasing final literacy are important in different phases of the life cycle.
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页码：543 / 564
页数：21
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