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.
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页码：299 / 307
页数：9
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