Leora Klapper|Georgios A. Panos
Financial literacy and retirement planning: the Russian case
University of Essex|University of Essex
abstract examine relationship financial literacy retirement planning russia country relatively old rapidly ageing population large regional disparities emerging financial markets find 36 respondents sample understand interest compounding half answer simple question inflation country widespread public pension provisions find financial literacy significantly positively related retirement planning involving private pension funds thus along encouraging availability private retirement plans efforts improve financial literacy pivotal expansion use funds