Financial Literacy, Savings Behavior, and Retirement Planning in Taiwan

Yu-Jen Hsiao, Shih-Jie Lin, Chinbat Dambaravdan

Research output: Contribution to journalArticle

Abstract

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
Original languageEnglish
Pages (from-to)1-22
Number of pages22
Journal兩岸金融季刊
Volume4
Issue number2
Publication statusPublished - Jun 1 2016

Keywords

  • Financial Literacy
  • Savings Behavior
  • Retirement Plan
  • Order logit

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