The Role of Financial Education in the Management of Retirement Savings

被引：17

作者：

Hibbert, Ann Marie ^{[2
]}

Lawrence, Edward R. ^{[1
]}

Prakash, Arun J.

机构：

[1] Florida Int Univ, Dept Finance, Miami, FL 33199 USA

[2] W Virginia Univ, Morgantown, WV 26506 USA

来源：

JOURNAL OF BEHAVIORAL FINANCE | 2012年 / 13卷 / 04期

关键词：

Retirement portfolios; Behavioral finance; Financial education; Asset allocation; Household savings; PLANS; HOUSEHOLDS; WORKPLACE; WEALTH; BIASES;

D O I：

10.1080/15427560.2012.735727

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate the role of financial education in the management of Defined Contribution retirement savings plans. We survey Finance and English professors from universities across the United States and compare the management of their savings in the TIAA-CREF (R) plans. We find that compared with English professors, Finance professors allocate a larger share of their retirement savings to equities, they manage their retirement portfolios more actively, and they are less likely to practice naive diversification strategies.

引用

页码：299 / 307

页数：9

共 50 条

[21] The Management of Retirement Savings Among Financially Heterogamous Couples
Pugliese, Maude
Belleau, Helene
SOCIAL POLICY AND SOCIETY, 2021, 20 (04) : 580 - 598
[22] Financial literacy and retirement preparedness: Evidence and implications for financial education
Lusardi A.
Mitchelli O.
Business Economics, 2007, 42 (1) : 35 - 44
[23] Financial planning for retirement: the role of income
Vivel-Bua, Milagros
Rey-Ares, Lucia
Lado-Sestayo, Ruben
Fernandez-Lopez, Sara
INTERNATIONAL JOURNAL OF BANK MARKETING, 2019, 37 (06) : 1419 - 1440
[24] The Role of Propensity to Plan on Retirement Savings and Asset Accumulation
Lee, Jae Min
Kim, Kyoung Tae
FAMILY & CONSUMER SCIENCES RESEARCH JOURNAL, 2016, 45 (01): : 34 - 48
[25] Understanding your retirement savings: How the recent economic recession changed advertising in retirement financial services
Lee T.
Chung W.
Paik C.
Journal of Financial Services Marketing, 2011, 16 (3-4) : 244 - 262
[26] Basic Financial education to obtain a decent retirement
Contreras-Avila, Celina Yazmin
Acosta-Marquez, Maria Pilar
Delfin-Pozos, Flor Lucila
Mariani-Ochoa, Rene
REVISTA GESTION DE LAS PERSONAS Y TECNOLOGIA, 2024, 17 (49): : 77 - 110
[27] The Effect of Financial Literacy and Financial Management Behavior on Retirement Confidence
Patrisia, Dina
Fauziah, Moni
PROCEEDINGS OF THE THIRD PADANG INTERNATIONAL CONFERENCE ON ECONOMICS EDUCATION, ECONOMICS, BUSINESS AND MANAGEMENT, ACCOUNTING AND ENTREPRENEURSHIP (PICEEBA 2019), 2019, 97 : 825 - 836
[28] Perceived retirement savings adequacy in Hong Kong: an interdisciplinary financial planning model
Chou, Kee-Lee
Yu, Kar-Ming
Chan, Wai-Sum
Wu, Alfred M.
Zhu, Alex Y. F.
Lou, Vivian W. Q.
AGEING & SOCIETY, 2015, 35 (08) : 1565 - 1586
[29] Retirement savings investment choices in response to the global financial crisis: Australian evidence
Gerrans, Paul
AUSTRALIAN JOURNAL OF MANAGEMENT, 2012, 37 (03) : 415 - 439
[30] Drawing Down Retirement Financial Savings: A Welfare Analysis using French data
El Mekkaoui, Najat
Bravo, Jorge M.
5TH INTERNATIONAL CONFERENCE ON E-COMMERCE, E-BUSINESS AND E-GOVERNMENT, ICEEG 2021, 2021, : 152 - 158

← 1 2 3 4 5 →