Support for pension reforms: What is the role of financial literacy and pension knowledge?

N. Oggero, FRANCESCO FIGARI, E. Fornero, M. Rossi

Risultato della ricerca: Contributo su rivistaArticolo in rivistapeer review

Abstract

Despite the relevance of the issue of pension system sustainability in most advanced economies, the factors associated with the opposition to pension reforms are still under-studied. In this paper, we investigate the correlation between financial, pension and institutional knowledge and support for pension reforms. Using an ad hoc module of the SHARE data for Italy, we find that financially literate and pension knowledgeable individuals are more willing to accept pension reforms. In particular, individuals with a basic level of pension knowledge recognize that population ageing, low economic growth, and low contributions by the young make the public pension system hardly sustainable.
Lingua originaleInglese
pagine (da-a)107096
RivistaJournal of Accounting and Public Policy
Volume42
Numero di pubblicazione4
DOI
Stato di pubblicazionePubblicato - 2023

Keywords

  • Financial literacy
  • Pension knowledge
  • Pension reforms
  • Retirement

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