We report results from an economics experiment that examines the role of financial literacy in retirement savings. In the experiments, participants make decisions in a retirement savings game, in which income during working years is uncertain. Participants are nudged to varying degrees with automatic savings in each period of the game. Some participants receive financial literacy training in the form of training to compute the expected savings needed at retirement to smooth consumption over the entire life cycle. We find ev-idence that literacy increases savings and improves efficiency. Our finding has implications for choice architecture for retirement savings.



Voir le document

Dernières publications

2018s-35 CS
Homeownership, Labour Market Transitions and Earnings
Thierry Kamionka et Guy Lacroix
Voir le document

2018s-33 CS
Demand for Annuities: Price Sensitivity, Risk Perceptions, and Knowledge
M. Martin Boyer, Sébastien Box-Couillard et Pierre-Carl Michaud
Voir le document

2018RP-12 RP
Economic Impact From Farm Investments in Canada
Maurice Doyon et Stéphane Bergeron
Voir le document


Centre interuniversitaire de recherche en analyse des organisations
1130 rue Sherbrooke Ouest, suite 1400
Montréal, Québec (Canada) H3A 2M8
(514) 985-4000
(514) 985-4039
reception@cirano.qc.ca

© 2018 CIRANO. Tous droits réservés.



Partenaire de :