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Pension Literacy Of Students At The University Of Zagreb

Author

Listed:
  • Mihovil AnÄ‘elinovic

    (University of Zagreb, Faculty of Economics and Business)

  • Ana Pavkovic

    (University of Zagreb, Faculty of Economics and Business)

  • Antonio Sostaric

    (Reckitt Benckiser d.o.o.)

Abstract

Pension literacy represents a set of knowledge, attitudes, behaviors, and skills related to pensions and the pension system that are required for an optimal decision about one’s retirement. The aim of this paper is to study the pension literacy of students at the University of Zagreb and, by analyzing students' behavior, knowledge, and attitudes about pensions and the pension system, to identify the biggest weaknesses of students in this area and scope for further education. This study encompasses a survey conducted on a sample of 2,100 students and an interview of two focus groups consisting of economists and non-economists. The results of the focus group interviews indicate a significant divergence in attitudes and knowledge between students of the Faculty of Economics and Business and other students, with non-economists showing little interest in this topic. The findings of the survey research confirm the conclusion about the relatively low levels of knowledge and practical knowledge about pensions.

Suggested Citation

  • Mihovil AnÄ‘elinovic & Ana Pavkovic & Antonio Sostaric, 2023. "Pension Literacy Of Students At The University Of Zagreb," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 32(2), pages 333-359, december.
    • Handle: RePEc:avo:emipdu:v:32:y:2023:i:2:p:333-359
    DOI: 10.17818/EMIP/2023/2.2
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    More about this item

    Keywords

    pension literacy; financial literacy; students; University of Zagreb; survey research; focus groups;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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