Saving and the Effectiveness of Financial Education
Year: 2004
Type: book-chapter
Abstract: This chapter examines the impact of retirement seminars on the savings and investment behaviour of households. Retirement seminars have the greatest effect on families at the lowest income levels and those with low education. Seminar attendance can increase both financial and net worth by 20%, and even more across subgroups of low education. Seminars also increase total wealth inclusive of pension and Social Security for both high and low education families.
Author: Annamaria Lusardi
Language: English
Subfield: Accounting
Domain: Social Sciences
SDGs: No poverty, Quality education
Open Access status: green
OpenAlex ID: W4255333608