van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob J. M. - 2011
There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the … comprehensive measures of financial knowledge designed for a special module of the DNB (De Nederlandsche Bank) Household Survey. Our … accumulation. First, financial knowledge increases the likelihood of investing in the stock market, allowing individuals to benefit …