On the costs of financial illiteracy and how to take care of your personal finances

• PRESENTATIONS

December 14, 2021

Defined Contribution Plans and the Challenge of Financial Illiteracy

• PUBLICATIONS

June 13, 2019

Abstract: Retirement investing in the United States has changed dramatically. The classic defined-benefit (DB) plan has largely been replaced by the defined-contribution (DC) plan. With the latter, individual employees’ decisions about how much to save for retirement and how to… Read More »

Defined Contribution Plans and the Challenge of Financial Illiteracy

• WORKING PAPERS

June 13, 2019

Abstract: Retirement investing in the United States has changed dramatically. The classic defined-benefit (DB) plan has largely been replaced by the defined-contribution (DC) plan. With the latter, individual employees’ decisions about how much to save for retirement and how to… Read More »

FINANCIAL LITERACY AROUND THE WORLD: AN OVERVIEW

• PUBLICATIONS

December 17, 2014

Abstract:  In an increasingly risky and globalized marketplace, people must be able to make well informed financial decisions. New international research demonstrates that financial illiteracy is widespread in both well-developed and rapidly changing markets. Women are less financially literate than men, the… Read More »

FINANCIAL LITERACY: DO PEOPLE KNOW THE ABCs OF FINANCE?

• PUBLICATIONS

February 01, 2014

Abstract: Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper looks at financial literacy,… Read More »