Financial Literacy and Retirement Planning in Sweden
Johan Almenberg and
No 112, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)
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
New Economics Papers: this item is included in nep-age, nep-eur and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:112
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