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The COVID-19 pandemic has shown how important it is to prepare one's own financial budget for the unexpected loss of income. In this dimension, the financial education of the society plays an invaluable role. It allows us to account for events that may adversely affect personal finances in our...
Persistent link: https://www.econbiz.de/10012508620
Low saving rates combined with low effective retirement age herald old-age poverty. This paper examines the preferred … a first-best strategy, we explore determinants of supplementary saving with binary logistic models; as a second …
Persistent link: https://www.econbiz.de/10012426994
Longevity risk affecting older adults can be transferred to the insurance market by purchasing a lifetime annuity. Special-rate life annuities, which are priced, among other factors, on the basis of health and lifestyle factors, go beyond traditional considerations of age and sex by using...
Persistent link: https://www.econbiz.de/10015334621
individuals, which implies voluntary retirement saving. Workers for profit (independent workers in household market enterprises …-term saving for pensions by independent, for-profit workers in Poland. Additionally, the study recognizes the level of saving … mathematical statistics. The conducted research showed that the respondents' individual decisions concerning saving for retirement …
Persistent link: https://www.econbiz.de/10012612623
respondents asking about their income, expenses, pains, and problems towards saving for retirement, their desired outcome after … income to cover basic needs after retirement, there will be economic repercussions if the situation is not handled soon. The … government and financial institutions have been encouraging Thai citizens to prepare retirement plans but lack understanding of …
Persistent link: https://www.econbiz.de/10012805342
Though ample empirical evidence demonstrates the relationship between objective financial literacy and retirement … planning, we have a limited understanding of the role of individuals' subjective financial literacy in their retirement … planning. In this study, we examine how individuals' financial literacy confidence bias affects their retirement planning …
Persistent link: https://www.econbiz.de/10014246218
advisers, and confidence in retirement readiness across Estonia, Latvia, and Lithuania. By using data from the Flash … greater retirement preparedness. The ownership of financial products, particularly among active investors, is also strongly … correlated with improved retirement outcomes. These results highlight the importance of financial education, accessible advisory …
Persistent link: https://www.econbiz.de/10015334541
rational and irrational motives to save money, answers to questions about the effects of saving liquid money on labor supply …, illiquid saving and education, and examines the inherent cost of saving cash. The main findings are the following. The rational … insurance motive to save money increases total savings by replacing deposit saving more than one-to-one. The share of deposit …
Persistent link: https://www.econbiz.de/10014230960
This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default; and to verify conditions and limits of use of these...
Persistent link: https://www.econbiz.de/10012597149
Faced with the need to adjust public pension systems to meet changing demographic, economic and social conditions, most developed countries have created government reserve funds to ensure macroeconomic sustainability. This paper aims to study the importance that this reserve fund plays in the...
Persistent link: https://www.econbiz.de/10013363083