Work

Financial literacy and superannuation investment decision-making in a choice environment: An exploratory study

Year: 2014

Type: dissertation

Abstract: This thesis examines superannuation fund members' level of financial literacy and its association with investment choice decisions in the setting of the mandatory superannuation system in Australia. It also investigates a range of contextual and socio-demographic factors in explaining financial literacy and investment choice. The empirical analysis shows that while most survey respondents displayed high levels of self-rated and general financial literacy, fewer scored as well in relation to more advanced literacy regarding superannuation investment options. The findings of this study have important implications for policy-makers and the superannuation industry in educating and engaging with fund members.

Source: QUT ePrints (Queensland University of Technology)

Author: Chrisann T. Palm

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funder: National Institute of General Medical Sciences

Award: Mathematical Foundations for Nonlinear, Stochastic & Hybrid Biochemical Networks

OpenAlex ID: W25092335

Cites: 191

Cited by: 4

Related to: 10