Household financial literacy and retirement planning in rural China

Yuting Qian, Weiqiang Tan and Jingbo Wu

International Review of Financial Analysis, 2024, vol. 93, issue C

Abstract: Amid the prevailing importance of discussing rural villagers' retirement in China, this study analyzes the relationship between the financial literacy of rural residents and their plans for retirement. Using in-depth survey data from the Greater Bay Area, this work examines the region's demographic structures and presents the different levels of rural residents' financial literacy. The findings are robust and indicate a positive correlation between financial literacy and retirement planning. The examination also reveals the moderating role of risk attitudes to explain how financial literacy influences plans for retirement. Subsequent programs for rural residents can enhance their financial literacy, address issues regarding retirement, and collectively attain shared prosperity.

Keywords: Financial literacy; Retirement planning; Rural residents; GBA (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1057521924000620
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:93:y:2024:i:c:s1057521924000620

DOI: 10.1016/j.irfa.2024.103130

Access Statistics for this article

International Review of Financial Analysis is currently edited by B.M. Lucey

More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu ().