Financial Literacy and Retirement Planning in Germany

@inproceedings{BucherKoenen2011FinancialLA,
  title={Financial Literacy and Retirement Planning in Germany},
  author={Tabea Bucher-Koenen and Annamaria Lusardi},
  year={2011}
}
We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have little financial literacy compared to their West German counterparts. Interestingly, there is no gender disparity in financial knowledge in the East. In order to investigate the nexus of causality between financial… CONTINUE READING

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