Martin Brown|Roman Graf
Financial Literacy and Retirement Planning in Switzerland
use representative survey covering 1500 households document level financial literacy switzerland examine financial literacy related retirement planning measure financial literacy standardized questions capture knowledge three basic financial concepts compound interest inflation risk diversification measure retirement planning incidence voluntary retirement savings account results show financial literacy switzerland high international standardsa result compatible high ranking switzerland pisa mathematical scales financial literacy lower among lowincome lesseducated immigrant nonnativespeaking households well among women find financial literacy strongly correlated voluntary retirement saving results also show financial literacy correlated financial market participation mortgage borrowing