Financial literacy and retirement planning: evidence from China. Issue 9 (21st May 2018)

• Record Type: Journal Article
• Authors: Niu, Geng; Zhou, Yang
• Is Part Of: Applied economics letters. Volume 25:Issue 9(2018)
• Page Start: 619
• Page End: 623
• Publication Date: 2018-05-21
• Subjects: Financial literacy -- retirement planning -- China; D14 -- D91; Economics -- Periodicals; Economics, Mathematical -- Periodicals; 330
• DOI: 10.1080/13504851.2017.1352072
• Languages: English
• ISSNs: 1350-4851

Abstract

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.