Jeanette Carlsson Hauff|Anders Carlander|Tommy Gärling|Gianni Nicolini
Retirement Financial Behaviour: How Important Is Being Financially Literate?
University of Gothenburg|University of Gothenburg|University of Gothenburg|University of Rome Tor Vergata
abstract using item response theory analyse survey data representative sample 551 swedish citizens new 16question measure factbased financial literacy developed validated unidimensionality measure verified expected correlations observed existing measure factbased financial literacy measure subjective financial literacy confidence age gender income significant impact factbased subjective financial literacy found three timeordered stages individuals retirement behaviour planning saving investment management concluded policies increasing final literacy important different phases life cycle