Financial literacy and retirement planning in Japan*

@article{Sekita2011FinancialLA,
  title={Financial literacy and retirement planning in Japan*},
  author={Shizuka Sekita},
  journal={Journal of Pension Economics and Finance},
  year={2011},
  volume={10},
  pages={637 - 656}
}
  • Shizuka Sekita
  • Published 31 January 2011
  • Economics, Education
  • Journal of Pension Economics and Finance
Abstract The level of financial literacy is not high in Japan. Although a majority of respondents were able to correctly answer a simple question about interest rates, more than half were not able to correctly answer a question about risk diversification. Many respondents stated they did not know the answer to the financial literacy questions, which might indicate that Japanese are very cautious and only answer when confident in their response. Women, the young, and those with lower incomes and… 

Financial Literacy and Retirement Planning in Australia

Financial literacy and numeracy are closely tied. Furthermore, financial literacy has been shown to relate to important financial behaviors. This study examines the relationship between financial

Financial Literacy and Retirement Planning in Australian

We implement a customized survey to a representative sample of 1,024 Australians to examine the relationship between financial literacy and retirement planning. Overall we find aggregate levels of

Financial literacy and retirement planning in chile*

Abstract This paper studies the relationship between financial literacy and retirement planning in Chile, a country with mandatory defined contribution pension plans at the core of its retirement

Financial literacy and retirement planning in chile

This paper studies the relationship between financial literacy and retirement planning in Chile, a country with mandatory defined contribution pension plans at the core of its retirement policy.

Financial Literacy and Retirement Planning in Switzerland

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 and Household Savings in Romania

It is found that financial literacy is positively and significantly related to saving and investment and those who remember previous periods of economic turbulence during transition perform better.

Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning

This study investigated whether overconfidence with respect to one’s financial literacy affects stock market participation and retirement preparation and if so, how. Using an effective sample of

Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning

This study investigated whether overconfidence with respect to one’s financial literacy affects stock market participation and retirement preparation and if so, how. Using an effective sample of

Financial literacy and retirement planning in Ghana

PurposeThis paper aims to investigate the impact of financial literacy on savings and retirement planning in Ghana.Design/methodology/approachThe study uses primary data collected from a sample of

Financial Literacy and Financial Planning: Evidence from India

In this study we report findings about financial literacy and financial planning behavior based on a financial advisory program in India. We evaluate survey responses to three standard questions
...

References

SHOWING 1-10 OF 18 REFERENCES

Financial Literacy and Retirement Planning in Japan

Using micro data on Japanese households, I provide an overview of the level of financial literacy in Japan, analyze the determinants of financial literacy and link financial literacy to retirement

Financial Literacy Among the Young: Evidence and Implications for Consumer Policy

We examined financial literacy among the young using data from the 1997 National Longitudinal Survey of Youth. We showed that financial literacy is low among the young; fewer than one-third of young

Financial Literacy and Financial Planning: Evidence from India

In this study we report findings about financial literacy and financial planning behavior based on a financial advisory program in India. We evaluate survey responses to three standard questions

Financial Literacy, Household Investment and Household Debt: Evidence from Switzerland

We use a novel, representative survey to document the level of financial literacy among Swiss households and to examine how financial literacy is related to household investment and borrowing. We

Financial Literacy and Planning: Implications for Retirement Wellbeing

Only a minority of American households feels "confident" about retirement saving adequacy, and little is known about why people fail to plan for retirement, and whether planning and information costs

Numeracy, Financial Literacy, and Financial Decision-Making

Financial decisions, be they related to asset building or debt management, require the capacity to do calculations, including some complex ones. But how numerate are individuals, in particular when

How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness

This paper explores who is financially literate, whether people accurately perceive their own economic decision-making skills, and where these skills come from. Self-assessed and objective measures

Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth

We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth

Financial Literacy and Stock Market Participation

Individuals are increasingly put in charge of their financial security after retirement. Moreover, the supply of complex financial products has increased considerably over the years. However, we

Planning and Saving for Retirement

There are vast differences in wealth holdings, even among households in similar age groups. In addition, a large percentage of U.S. households arrive close to retirement with little or no wealth.