Financial Literacy and Retirement Planning in Sweden

Johan Almenberg and Jenny Säve-Söderbergh

No 112, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: We examine the relationship between financial literacy and retirement planning in a representative sample of Swedish adults. We find significant differences in financial literacy between planners and non-planners. Financial literacy levels are also lower among older people, women and those with low education or earnings. When we control for demographic variables we do not find an association between a narrow measure of financial literacy and planning, but with a broader measure the association is positive and statistically significant. We relate these findings to features of the Swedish pension system.

Keywords: Financial literacy; pensions planning (search for similar items in EconPapers)
JEL-codes: D10 H55 H75 I22 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2011-03
New Economics Papers: this item is included in nep-age, nep-eur and nep-lab
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Citations: View citations in EconPapers (49)

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Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:112

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