Financial literacy and retirement planning: evidence from China |
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| Authors: | Geng Niu |
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| Affiliation: | Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, Sichuan, China |
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| Abstract: | We study the relationship between financial literacy and retirement planning in China. We find that higher scores on the financial literacy questions are associated not only with a higher probability of retirement planning, but also a higher propensity to actively use financial markets for retirement preparation. These relationships are robust to taking into account the endogeneity of financial literacy. |
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| Keywords: | Financial literacy retirement planning China |
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