Financial Literacy: Implications for Retirement Security and the Financial Marketplace

by Olivia S. Mitchell, Annamaria Lusardi, Pension Reseach Council

As financial markets grow ever more complex and integrated, households must make increasingly sophisticated and all-too-often irreversible economic decisions. This is particularly evident in retirement decision-making. Traditional defined benefit pension schemes are being replaced with defined contribution pensions; employer and government judgment regarding how much to save and where to invest has been replaced by employees having to make these choices...

• Format: Hardcover
• Language: English
• ISBN: 0199696810
• ISBN13: 9780199696819
• Release Date: January 2012
• Publisher: Oxford University Press, USA
• Length: 328 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.9" x 6.1" x 9.2"