PENSION LITERACY OF STUDENTS AT THE UNIVERSITY OF ZAGREB

Mihovil Anđelinovic (), Ana Pavkovic () and Antonio Sostaric ()
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Mihovil Anđelinovic: 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.

Economic Thought and Practice, 2023, vol. 32, issue 2, 333-359

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.

Keywords: pension literacy; financial literacy; students; University of Zagreb; survey research; focus groups (search for similar items in EconPapers)
JEL-codes: A20 D14 G23 G53 H55 I23 J32 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:avo:emipdu:v:32:y:2023:i:2:p:333-359

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DOI: 10.17818/EMIP/2023/2.2

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