Asset accumulation and decumulation over the life cycle. The role of financial literacy

Margherita Borella and Mariacristina Rossi (both University of Turin) review the literature on the role of financial literacy in planning wealth patterns over the life cycle. They initially look at the first stage of the life cycle, when individuals are active in the labor market, and focus on the role of financial literacy in fostering wealth accumulation. Financial literacy also matters in portfolio composition efficiency. An understudied topic that they also explore in this paper is whether financial literacy can help individuals better plan asset depletion in the last part of their life cycle.

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

MORE ABOUT NETSPAR


Mission en strategy           •           Network           •           Organisation           •          Magazine
Board Brief            •            Actionplan 2019-2023           •           Researchagenda

ABOUT NETSPAR

Our partners

B20160708_university of groningen
B20160615_pggmgroengrijs_grijswaarden_small
B20220518_BNP Paribas logo_voettekst
B20211201_Cardano_Logo 2021_website
B20160708_afm
View all partners