Financial Literacy: Implications for Retirement Security and the Financial Marketplace
- Mitchell, Olivia S.(International Foundation of Employee Benefit Plans Professor Chair and Professor of Insurance and Risk Management, and Professor of Business and Public Policy Director, Pension Research Council & Boettner Center for Pensions and Retirement Research)Lusardi, Annamaria(George Washington University and the National Bureau of Economic Research)Registered editor(s):
As financial markets grow ever more complex and integrated, households must make increasingly sophisticated and all-too-often irreversible economic decisions. This is particularly evident in retirement decision-making. Traditional defined benefit pension schemes are being replaced with defined contribution pensions; employer and government judgment regarding how much to save and where to invest has been replaced by employees having to make these choices on their own (sometimes assisted by advisers); and retirees have become responsible for managing their own pension assets. This volume explores how financial literacy can enhance peoples' ability to make informed economic choices. It proposes that financial literacy determines how well people make and execute saving, investing, borrowing, and planning decisions. It examines causality using controlled settings to disentangle whether financial literacy causes saving or vice versa, and demonstrates that financial education programs do indeed enhance financial decision-making and asset accumulation. Contributors to this volume - Sumit Agarwal, Senior Financial Economist, the Federal Reserve Bank of Chicago. Julie Agnew, Associate Professor of Finance and Economics and Co-Director of the Center for Interdisciplinary Behavioral Finance Research, the Mason School of Business, the College of William and Mary. Steven G. Allen, Associate Dean for Graduate Programs and Research, the College of Management, North Carolina State University. Gene Amromin, Senior Financial Economist, the Federal Reserve Bank of Chicago. Itzhak Ben-David, Assistant Professor of Finance, the Fisher College of Business, the Ohio State University. Susan P. Carter, Ph.D. candidate, Vanderbilt University. Souphala Chomsisengphet, Senior Financial Economist in the Credit Risk Analysis Division, the Office of the Comptroller of the Currency. Eric Chyn, Research Assistant, the National Bureau of Economic Research (NBER). Noreen Clancy, Policy Researcher, RAND Robert L. Clark, Professor of Management, Innovation, and Entrepreneurship, and Professor of Economics, North Carolina State University. J. Michael Collins, Assistant Professor in Consumer Science, the University of Wisconsin-Madison Diana Crossan, Retirement Commissioner of New Zealand. Jeff Dominitz, Director of Statistics for the Philadelphia Eagles. Douglas D. Evanoff, Senior Financial Economist and Vice President in the Economic Research Department, the Federal Reserve Bank of Chicago. Jonathan Guryan, Associate Professor of Economics, Booth School of Business, the University of Chicago. Justine Hastings, Associate Professor, Economics Department, Yale University, and Faculty Research Fellow, NBER. Robert Holzmann, Research Director and Senior Advisor, the Labor Mobility Program, the Marseille Center for Mediterranean Integration and the Financial Literacy and Education Program, the Russia Trust Fund of the World Bank. Angela A. Hung, Senior Economist and Director, RAND Center for Financial and Economic Decisionmaking Erik Hurst, V. Duane Rath Professor of Economics and the Neubauer Family Faculty Fellow, Booth School of Business, the University of Chicago. Melissa S. Kearney, Associate Professor, the Department of Economics, the University of Maryland and Research Associate, the National Bureau of Economic Research. B. Kyu Kim, Ph.D. candidate, the Wharton School of the University of Pennsylvania. Annamaria Lusardi, Joel Z. and Susan Hyatt Professor of Economics, Dartmouth College and Research Associate, the National Bureau of Economic Research. Olivia S. Mitchell, the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, Department Chair of the same department, and Director of the Pension Research Council, all at the Wharton School, University of Pennsylvania. Melinda S. Morrill, Research Assistant Professor, the Department of Economics, North Carolina State University. Paige M. Skiba, Assistant Professor of Law, Vanderbilt Law School. Lisa Szykman, Associate Professor of Marketing and Co-Director of the Center for Interdisciplinary Behavioral Finance Research, the Mason School of Business, the College of William and Mary. Jeremy Tobacman, Assistant Professor, the Wharton School, the University of Pennsylvania. Peter Tufano, the Sylvan C. Coleman Professor of Financial Management, Harvard Business School Stephen P. Utkus, Director, the Vanguard Center for Retirement Research. Joanne Yoong, Associate Economist, RAND. Jean A. Young, Senior Research Analyst, the Vanguard Center for Retirement Research. Gal Zauberman, Associate Professor of Marketing, the Wharton School, the University of Pennsylvania.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199696819 and published in 2011.|
|Contact details of provider:|| Web page: http://www.oup.com/|
|Order Information:||Web: http://www.oup.com/|
- Annamaria Lusardi, 2012. "Numeracy, financial literacy, and financial decision-making," NBER Working Papers 17821, National Bureau of Economic Research, Inc.
- Annamaria Lusardi & Pierre-Carl Michaud & Olivia S. Mitchell, 2015.
"Using a Life Cycle Model to Evaluate Financial Literacy Program Effectiveness,"
Cahiers de recherche
1505, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
- Annamaria Lusardi & Pierre-Carl Michaud & Olivia S. Mitchell, 2015. "Using a Life Cycle Model to Evaluate Financial Literacy Program Effectiveness," CIRANO Working Papers 2015s-14, CIRANO.
- Philip W. S. Newall, 2016. "Downside financial risk is misunderstood," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 11(5), pages 416-423, September.
- Dimitris Christelis & Dimitris Georgarakos & Tullio Jappelli & Maarten van Rooij, 2016.
"Trust in the central bank and inflation expectations,"
DNB Working Papers
537, Netherlands Central Bank, Research Department.
- Dimitris Christelis & Dimitris Georgarakos & Tullio Jappelli & Maarten van Rooij, 2016. "Trust in the Central Bank and Inflation Expectations," CSEF Working Papers 458, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Maarten van Rooij & Annamaria Lusardi & Rob J. Alessie, 2011.
"Financial Literacy, Retirement Planning, and Household Wealth,"
NBER Working Papers
17339, National Bureau of Economic Research, Inc.
- Maarten C.J. van Rooij & Annamaria Lusardi & Rob J.M. Alessie, 2012. "Financial Literacy, Retirement Planning and Household Wealth," Economic Journal, Royal Economic Society, vol. 122(560), pages 449-478, 05.
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," CeRP Working Papers 119, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," DNB Working Papers 313, Netherlands Central Bank, Research Department.
- van Rooij, Maarten & Lusardi, Annamaria & Alessie, Rob J. M., 2011. "Financial literacy, retirement planning, and household wealth," CFS Working Paper Series 2011/21, Center for Financial Studies (CFS).
- Sandro Ambuehl & B. Douglas Bernheim & Annamaria Lusardi, 2014. "The Effect of Financial Education on the Quality of Decision Making," NBER Working Papers 20618, National Bureau of Economic Research, Inc.
- Hastings, Justine S. & Neilson, Christopher A. & Ramirez, Anely & Zimmerman, Seth D., 2016.
"(Un)informed college and major choice: Evidence from linked survey and administrative data,"
Economics of Education Review,
Elsevier, vol. 51(C), pages 136-151.
- Justine S. Hastings & Christopher A. Neilson & Anely Ramirez & Seth D. Zimmerman, 2015. "(Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data," NBER Working Papers 21330, National Bureau of Economic Research, Inc.
- Annamaria Lusardi & Olivia S. Mitchell, 2016.
"Older Women's Labor Market Attachment, Retirement Planning, and Household Debt,"
in: Women Working Longer: Increased Employment at Older Ages
National Bureau of Economic Research, Inc.
- Annamaria Lusardi & Olivia S. Mitchell, 2016. "Older Women’s Labor Market Attachment, Retirement Planning, and Household Debt," NBER Working Papers 22606, National Bureau of Economic Research, Inc.
- Klapper, Leora & Lusardi, Annamaria & Panos, Georgios A., 2012.
"Financial literacy and the financial crisis,"
Policy Research Working Paper Series
5980, The World Bank.
- Cordero, José Manuel & Gil, María & Pedraja Chaparro, Francisco, 2016. "Exploring the effect of financial literacy courses on student achievement: a cross-country approach using PISA 2012 data," MPRA Paper 75474, University Library of Munich, Germany.
- M. Debbich, 2015. "Why Financial Advice Cannot Substitute for Financial Literacy?," Working papers 534, Banque de France.
When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780199696819. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economics Book Marketing)
If references are entirely missing, you can add them using this form.
Follow series, journals, authors & more
New papers by email
Subscribe to new additions to RePEc
Public profiles for Economics researchers
Various rankings of research in Economics & related fields
Who was a student of whom, using RePEc
Curated articles & papers on various economics topics
Upload your paper to be listed on RePEc and IDEAS
Blog aggregator for economics research
Cases of plagiarism in Economics
Job Market Papers
RePEc working paper series dedicated to the job market
Pretend you are at the helm of an economics department
Services from the StL Fed
Data, research, apps & more from the St. Louis Fed