Elsa Fornero|Anna Lo Prete
Voting in the aftermath of a pension reform: the role of financial literacy
abstract study documents electoral cost major pension reforms lower countries level financial literacy higher evidence data legislative elections held 1990 2010 21 advanced countries robust control macroeconomic demographic political conditions interestingly findings robust use less specific indicators human capital general schooling supporting view knowledge basic economic financial concepts distinctive features may help reduce electoral cost reforms relevant impact life cycle individuals