Saving and the Effectiveness of Financial Education

Annamaria Lusardi

in Pension Design and Structure

Published in print July 2004 | ISBN: 9780199273393
Published online January 2005 | e-ISBN: 9780191601675 | DOI:
Saving and the Effectiveness of Financial Education

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This chapter examines the impact of retirement seminars on the savings and investment behaviour of households. Retirement seminars have the greatest effect on families at the lowest income levels and those with low education. Seminar attendance can increase both financial and net worth by 20%, and even more across subgroups of low education. Seminars also increase total wealth inclusive of pension and Social Security for both high and low education families.

Keywords: retirement seminars; financial education; savings; retirement planning households

Chapter.  10386 words. 

Subjects: Financial Markets

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