In this paper, we examine the relationship among financial literacy, savings behavior, and retirement planning in Taiwan. We not only find people who are more financially knowledgeable are more likely to plan for retirement but also find those who have stronger savings habits are more likely to plan for retirement. In most specifications we find a stronger role for savings habits than financial illiteracy in explaining retirement planning.
|Translated title of the contribution||金融知識、儲蓄行為與退休規劃：台灣的實證結果|
|Number of pages||22|
|Publication status||Published - Jun 1 2016|
- Financial Literacy
- Savings Behavior
- Retirement Plan
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