Financial Literacy and Retirement Planning in Switzerland

@inproceedings{Brown2013FinancialLA,
  title={Financial Literacy and Retirement Planning in Switzerland},
  author={Martin A. Brown and Roman Graf},
  year={2013}
}
We use a representative survey covering 1,500 households to document the level of financial literacy in Switzerland and to examine how financial literacy is related to retirement planning. We measure financial literacy with standardized questions that capture knowledge about three basic financial concepts: Compound interest, inflation, and risk diversification. We measure retirement planning by the incidence of a voluntary retirement savings account. Our results show that financial literacy in… CONTINUE READING

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