Planning and financial literacy
Subtitle: how do women fare?
By: Annamaria Lusardi, Olivia S. Mitchell.
Contributors: Mitchell, Olivia S.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13750; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13750.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Many older US households have done little or no planning for retirement, and there is a substantial population that seems to undersave for retirement.  Of particular concern is the relative position of older women, who are more vulnerable to old-age poverty due to their longer longevity.  This paper uses data from a special module we devised on planning and financial literacy in the 2004 Health and Retirement Study.  It shows that women display much lower levels of financial literacy than the older population as a whole.  In addition, women who are less financially literate are also less likely to plan for retirement and be successful planners.  These findings have important implications for policy and for programs aimed at fostering financial security at older ages"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/12/2008.

Includes bibliographical references.

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