Financial literacy and pension-related communication for better retirement and long-term financial decisions

Opening by Elsa Fornero (University of Turin / CeRP) and Arthur van Soest (Tilburg University / Netspar)

Session 1: Financial literacy
Chair: Elsa Fornero

Michael Hurd (RAND), with P. Hudomiet and S. Rohwedder
Probabilistic literacy: Measurement and applications
Abstract
Presentation
Discussant: Adriaan Kalwij (UU)
Presentation

Tatiana Aubram (St. Polten University of Applied Sciences) and Gabrielle Wanzenried (Lucerne University of Applied Sciences and Arts), with M. Kovarova-Simecek
Financial literacy and retirement planning – A comparative study for Austria and Switzerland
Paper
Presentation
Mauro Mastrogiacomo (DNB)

Milena Dinkova (UU), with R. Alessie, A. Kalwij
Know more, spend more? The impact of financial literacy on household consumption
Paper
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Discussant: Serena Trucchi (UCL)
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Lunch

Session 2: Heterogeneity in pension choices
Chair: Arthur van Soest

Wiebke Eberhardt (Maastricht Uni), with E. Brüggen, C. Hoet, T. Post)
Segmentation of pension plan participants: Identifying dimensions of heterogeneity
Paper/presentation not available online
Discussant: Piotr Bialowolski (Uni of Turin)
Presentation

Inka Eberhardt (Maastricht Uni), with R. Bauer, A.E. Greenberg, P. Smeets)
Yes we know! The relationship between (under-) confidence in pension knowledge and retirement savings decisions
Paper
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Discussant: Mariacristina Rossi (Uni of Turin and CeRP)
Presentation

Vincenzo Andrietti (Uni of Chieti and Pescara)
Auto-enrollment, matching, and participation in 401(k) plans
Paper
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Discussant: Arthur van Soest (Tilburg Uni / Netspar)

Break

Session 3: Communication, information and retirement decisions
Chair: Mariacristina Rossi (Uni of Turin)

Costanza Torricelli (Uni of Modena and Reggio e Emilia), with G. Gallo, A. van Soest
Individual heterogeneity and pension choices: How to communicate an effective message?
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Discussant: Gianna Giannelli (Uni of Firenze)
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Felix Villatoro (Universidad Adolfo Ibanez), with O. Fuentes, J. Lafortune, J. Riutort, J. Tessada)
Personalized information as a tool to improve pension savings: Results from a randomized control trial in Chile
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Discussant: Mauro Mastrogiacomo (De Nederlandsche Bank)
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Hazel Bateman (Uni of New South Wales), with I. Dobrescu, B. Newell, A. Ortmann, S. Thorp)
Flicking the switch: How fee and return disclosures drive retirement plan choice
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Discussant: Anna Maffioletti (Uni of Turin)
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Yue Li (VU Uni of Amsterdam), with R. Dillingh, M. Mastrogiacomo)
The displacement effect of compulsory pension savings on private savings: An identification strategy using institutional differences across occupations in the Netherlands
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Discussant: Federica Teppa (DNB)
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Conference dinner

Session 4: Risk, investment and insurance
Chair: Elisa Luciano (Uni of Turin)

Alessandro Bucciol (Uni of Verona), with B. Cavasso, L. Zarri
Can risk averse households make risky investments? The role of trust in others
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Discussant: Flavia Coda Moscarola (CeRP)
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Enrica Croda (Uni of Venice), with J. Skinner, L. Yasaitis
The health of disability insurance enrollees: An international comparison
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Discussant: Silvia Gatti (Uni of Bologna)
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Ricky Kanabar (Uni of Essex), with P. Simmons
To defer or not defer? UK state pension and work decisions in a lifecycle model
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Discussant: Riccardo Calcagno (Lyon Business School)
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Break

Session 5: Policy issues in pension savings
Chair: Robert Holzmann (Austrian Academy of Sciences)

Antonello Motroni (Mefop), with L. Di Gialleonardo, M. Marè, F. Porcelli
The impact of financial crisis on savings decisions: Evidences from Italian pension funds
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Discussant: Simone Tedeschi (Uni of Rome-La Sapienza)
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Eduard Ponds (Tilburg Uni), with C. Bockweg, O. Steenbeek, J. Vonken
Framing and pension annuities. Experimental evidence from a Dutch pension fund
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Discussant: Luca Regis (IMT School for Advanced Studies – Lucca)
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Ambrogio Rinaldi (COVIP), with S. Ceccarelli
Pension projections and risk indicators for pension plan members: Recen experiences and policy issues
no paper available yet
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Discussant:  Elisa Luciano (Uni of Turin)
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Closing remarks

Lunch