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Preparation for Retirement, Financial Literacy and Cognitive Resources (PDF)
University of Michigan Retirement Research Center [MRRC] 
Oct. 16, 2008 Excerpt: Traditional economic models assume that individuals have full information and act perfectly rationally. However, we show that there is considerable variation in financial literacy in the population and propose modeling the acquisition of financial knowledge in a human capital production framework. [Working paper no. 2008-190] MORE >> |
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