Romiti, Agnese; Rossi, Mariacristina - Collegio Carlo Alberto, Università degli Studi di Torino - 2014
This paper analyses the role played by financial literacy in savings decisions and wealth decumulation. The broad … portfolio with excessive weight assigned to illiquid assets, the optimal consumption path, and wealth decumulation. According to … consumption path and, in particular for men, for both net worth and housing wealth decumulation. …