Voluntary savings, financial behavior, and pension finance literacy: evidence from Chile
نویسندگان
چکیده
منابع مشابه
Pension Reform, Savings Behavior and Corporate Governance
France, Germany and Italy, to take the three largest economies in continental Europe, have large and ailing pay-as-you-go public pension systems, very thin capital markets, and low capital performance. Taking Germany as an example, we show that these three issues are closely linked. Specifically, we argue that pension reform, via a change in portfolio composition of households and a strengtheni...
متن کاملFinancial Reporting Delay and Investors Behavior: Evidence From Tunisia
This study empirically investigates the relationship between the timeliness of the financial reporting and the corporate governance proxies for companies listed on the Tunisian stock exchange during 2009.It investigates the role of the corporate governance mechanisms on the timeliness of corporate financial reporting besides; it investigates the relationship between the company size, leverage, ...
متن کاملAn Ordered Probit Approach for Exploring the Role of Self-Efficacy and Financial Literacy on Personal Finance Behavior
The present study investigates the impact of financial self-efficacy on personal finance behavior. To this end, the data collected from the questionnaire have been employed. Once the validity and reliability of the questionnaire are confirmed, the relation between financial self-efficacy and the likelihood of holding a specific financial product is studied using the multivariate Probit model. P...
متن کاملHousehold Savings Behavior in the United States: The Role of Literacy, Information, and Financial Education Programs
Americans are increasingly in charge of their own fi nancial security after retirement. With the shift from defi ned benefi t (DB) to defi ned contribution (DC) pension plans, workers have to decide not only how much to save for retirement but also how to allocate their pension wealth. Moreover, in recent decades the complexity of fi nancial instruments has increased and individuals have to dea...
متن کاملPension Plan Characteristics and Framing Effects in Employee Savings Behavior
Pension Plan Characteristics and Framing Effects in Employee Savings Behavior In this paper we document the importance of framing effects in the retirement savings decisions of college professors. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee contribution. Employees can also make tax-deferred contributions to a supp...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Pension Economics and Finance
سال: 2013
ISSN: 1474-7472,1475-3022
DOI: 10.1017/s1474747212000340