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http://hdl.handle.net/10419/25538
  
Title:Planning and financial literacy: How do women fare? PDF Logo
Authors:Lusardi, Annamaria
Mitchell, Olivia S.
Issue Date:2008
Series/Report no.:CFS Working Paper 2008/03
Abstract: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.
Subjects:Aging
Financial Literacy
Gender Issues
JEL:D91
Persistent Identifier of the first edition:urn:nbn:de:hebis:30-52384
Document Type:Working Paper
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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