CDHA CAAR

September 11, 2018

CAAR – Employee Benefit Research Institute Issue Brief – September 11, 2018

Filed under: Reports and Articles — Tags: , — admin @ 5:31 pm

Perceived Helpfulness of Financial Well-being Programs: Results From the 2017 and 2018 Retirement Confidence Survey,” by Craig Copeland (EBRI Issue Brief No. 457, September 2018, .pdf format, 19p.).

www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=3708

April 18, 2018

CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Paper – April 18, 2018

Filed under: Working Papers — Tags: — admin @ 4:42 pm

Assessing the Impact of Financial Education Programs: A Quantitative Model,” by Annamaria Lusardi, Pierre-Carl Michaud, and Olivia S. Mitchell (WP2018-4, April 2018, .pdf format, 41p.). Note: Links to the abstract and the full text of the paper available at:

pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/04/WP-2018-4-Lusardi-et-al.pdf

August 23, 2016

CAAR – International Longevity Centre [UK] Report – August 23, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:49 pm

What works? A review of the evidence on financial capability interventions and older people in retirement,” (August 2016, .pdf format, 40p.).

www.ilcuk.org.uk/index.php/publications/publication_details/what_works

January 7, 2013

CAAR – National Bureau of Economic Research Working Paper – January 7, 2013

Filed under: Working Papers — Tags: , — admin @ 3:32 pm

Optimal Financial Knowledge and Wealth Inequality,” by Annamaria Lusardi, Pierre-Carl Michaud, and Olivia S. Mitchell (w18669, January 2013, .pdf format, 48p.).

Abstract:

While financial knowledge is strongly positively related to household wealth, there is also considerable cross-sectional variation in both financial knowledge and net asset levels. To explore these patterns, we develop a calibrated stochastic life cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over and above that of standard life cycle models; this is because higher earners typically have more hump-shaped labor income profiles and lower retirement benefits which, when interacted with precautionary saving motives, boost their need for private wealth accumulation and thus financial knowledge. Our simulations show that endogenous financial knowledge accumulation has the potential to account for a large proportion of wealth inequality. The fraction of the population which is rationally financially ‘ignorant’ depends on the generosity of the retirement system and the level of means-tested benefits. Educational efforts to enhance financial savvy early in the life cycle so as to produce one percentage point excess return per year would be valued highly by people in all educational groups.

papers.nber.org/papers/w18669

December 6, 2012

CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Paper – December 6, 2012

Filed under: Working Papers — Tags: , — admin @ 4:38 pm

Financial Literacy and Retirement Planning in Australia,” by Julie R. Agnew, Hazel Bateman, and Susan Thorp (WP2012-22, December 2012, .pdf format, 22p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1039

August 28, 2012

CAAR – Organization for Economic Co-operation and Development Working Papers – August 28, 2012

Filed under: Working Papers — Tags: , — admin @ 4:24 pm

A. “Identification and Assessment of Publicly Available Data Sources to Calculate Indicators of Private Pensions,” by Stephanie Payet (OECD Working Papers on Finance, Insurance and Private Pensions No. 21, July 2012, .pdf format, 108p.). Note: Links to the abstract and full-text can be found at:

www.oecd-ilibrary.org/finance-and-investment/identification-and-assessment-of-publicly-available-data-sources-to-calculate-indicatros-of-private-pensions_5k94d6g58vxs-en

B. “Financial Education, Savings and Investments: An Overview,” by Sue Lewis and Flore-Anne Messy (OECD Working Papers on Finance, Insurance and Private Pensions No. 22, July 2012, .pdf format, 45p.). Note: Links to the abstract and full-text can be found at:

www.oecd-ilibrary.org/finance-and-investment/financial-education-savings-and-investments_5k94gxrw760v-en

C. “The status of financial education in Africa,” by Flore-Anne Messy and Chiara Monticone (OECD Working Papers on Finance, Insurance and Private Pensions No. 25, July 2012, .pdf format, 93p.). Note: Links to the abstract and full-text can be found at:

www.oecd-ilibrary.org/finance-and-investment/the-status-of-financial-education-in-africa_5k94cqqx90wl-en

August 13, 2012

CAAR – Organization for Economic Co-operation and Development Working Paper – August 13, 2012

Filed under: Working Papers — Tags: , — admin @ 4:34 pm

Financial Education, Savings and Investments: An Overview,” by Sue Lewis and Flore-Anne Messy (OECD Working Papers on Finance, Insurance and Private Pensions No. 22, July 2012, .pdf format, 46p.). Note: Links to the abstract and full-text can be found at:

www.oecd-ilibrary.org/finance-and-investment/financial-education-savings-and-investments_5k94gxrw760v-en

April 27, 2012

CAAR – Organization for Economic Co-operation and Development Working Papers – April 27, 2012

Filed under: Working Papers — Tags: , — admin @ 3:50 pm

A. “Review of the Swedish National Pension Funds,” by Clara Severinson and Fiona Stewart (OECD Working Papers On Finance, Insurance and Private Pensions, No. 17, April 2012, .pdf format, 34p.).

Abstract:

This paper provides a review of the Swedish National Pension Funds based on international good practice and OECD guidelines. The paper focuses mainly on the general size and structure of the funds, the investment framework and the governance of the funds. The internal management of the funds appears to be strong, with governance and risk management structures in place that appear to broadly follow OECD guidelines.

The report concludes that the AP funds could benefit from having one clear and specific long-term investment objective, set by an independent committee answerable to Parliament, for all the AP funds against which their long-term performance can objectively be measured. The mandate and role of the AP6 fund could also be clarified.

The report recommends the implementation of the prudent person rule as restrictive investment regulations are leaving the AP funds with less room to adopt varying investment strategies, and thus takes away some of the potential benefits of competition and diversification from having four different funds. Finally the selection process for the Governing Boards of the funds could be made more transparent and rigorous.

www.oecd.org/dataoecd/31/38/50192210.pdf

B. “Current Status of National Strategies for Financial Education: A Comparative Analysis and Relevant Practices,” by Andrea Grifoni and Flore-Anne Messy (OECD Working Papers On Finance, Insurance and Private Pensions, No. 16, April 2012, .pdf format, 36p.). Note: Links to the abstract and full-text can be found at:

www.oecd-ilibrary.org/finance-and-investment/current-status-of-national-strategies-for-financial-education_5k9bcwct7xmn-en

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