by Leora Klapper and Georgios A. Panos; CeRP WP N. 114/11
The paper has been realized for the Netspar Theme grant project “Financial Literacy: Evidence and Implications for Retirement Planning, Saving Behavior, and Financial Education Programs”, and presented at the CeRP workshop “Financial Literacy around the World” (FLat World) (Collegio Carlo Alberto, 20-21 December 2010).
Our study contributes to the financial literacy literature by examining its association with retirement planning in an interesting and novel context, i.e. that of a country with a relatively old and rapidly ageing population, large regional disparities and a rapidly emerging financial market. Even though consumer borrowing is increasing very rapidly in
Published: March 2011