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Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel (PDF)
University of Michigan Retirement Research Center [MRRC] 
Oct. 12, 2007 Excerpt: The present paper introduces a new dataset, the Rand American Life Panel (ALP), which offers several appealing features for an analysis of financial literacy and retirement planning. It allows us to evaluate financial knowledge during workers' prime earning years when they are making key financial decisions, and it offers detailed financial literacy and retirement planning questions, permitting a finer assessment of respondents' financial literacy than heretofore feasible. [Working paper 2007-157] MORE >> |
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