Publication:
Financial Literacy and Retirement Planning : The Russian Case

Simple item page
dc.contributor.authorPanos, Georgios A.
dc.contributor.authorKlapper, Leora
dc.date.accessioned2012-03-19T18:05:09Z
dc.date.available2012-03-19T18:05:09Z
dc.date.issued2011-10-01
dc.description.abstractThe authors examine the association of financial literacy with retirement planning in Russia, a country with a relatively old and rapidly aging population, large regional disparities, and a rapidly emerging financial market. They find that only 36.3 percent of respondents in the sample understand interest compounding and only half can answer a simple question about inflation. In a country with widespread public pension provisions, they find that financial literacy is significantly and positively related to retirement planning involving private pension funds and schemes. Thus, along with encouraging the availability of private retirement plans, efforts to improve financial literacy could be pivotal to the expansion of the use of such schemes.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111004160352
dc.identifier.doi10.1596/1813-9450-5827
dc.identifier.urihttps://hdl.handle.net/10986/3591
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5827
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADDITIONAL PENSION
dc.subjectAGING POPULATION
dc.subjectAVERAGE PENSION
dc.subjectAVERAGE WAGE
dc.subjectBANK ACCOUNT
dc.subjectBANK LOANS
dc.subjectBANKING RELATIONSHIPS
dc.subjectBANKING SYSTEM
dc.subjectBORROWING
dc.subjectBUSINESS SCHOOL
dc.subjectCAPITAL FORMATION
dc.subjectCHECKS
dc.subjectCONSUMER
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER DEBT
dc.subjectCONSUMER LOANS
dc.subjectCONTRIBUTION
dc.subjectCURRICULUM
dc.subjectDEMOGRAPHIC
dc.subjectDIVERSIFICATION
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectEARLY RETIREMENTS
dc.subjectEARNINGS
dc.subjectEDUCATED INDIVIDUALS
dc.subjectELDERLY
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYEE
dc.subjectEMPLOYEE BENEFIT
dc.subjectEMPLOYEE BENEFIT FUNDS
dc.subjectEXPOSURE
dc.subjectFEMALE
dc.subjectFEMALES
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL LITERACY EDUCATION
dc.subjectFINANCIAL LITERACY SURVEYS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETPLACE
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SKILLS
dc.subjectFINANCIAL STABILITY
dc.subjectFUNDED COMPONENT
dc.subjectGENDER
dc.subjectGENDERS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGROSS INCOME
dc.subjectHOME
dc.subjectHOUSEHOLD SAVINGS
dc.subjectINCOME
dc.subjectINCOME REPLACEMENT
dc.subjectINCOME REPLACEMENT RATIO
dc.subjectINCOME SHOCK
dc.subjectINDIVIDUAL SAVING
dc.subjectINEQUALITIES
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTING
dc.subjectINVESTMENT ASSET
dc.subjectLEVEL OF KNOWLEDGE
dc.subjectLIVING STANDARDS
dc.subjectLOCAL NEWSPAPERS
dc.subjectMONTHLY INCOME
dc.subjectMORTALITY
dc.subjectMORTGAGES
dc.subjectNEGATIVE INCOME SHOCK
dc.subjectPENSION EXPENDITURES
dc.subjectPENSION FUND
dc.subjectPENSION PLANNING
dc.subjectPENSION PROVISION
dc.subjectPENSION PROVISIONS
dc.subjectPENSION REFORM
dc.subjectPENSION REFORMS
dc.subjectPENSION SCHEMES
dc.subjectPENSION SYSTEM
dc.subjectPENSIONER
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPRIVATE FUNDS
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE PENSION FUND
dc.subjectPRIVATE PENSION FUNDS
dc.subjectPRIVATE PENSION PLANS
dc.subjectPRIVATE PENSIONS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATIZATION
dc.subjectPROBABILITY
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC PENSION
dc.subjectPUBLIC PENSIONS
dc.subjectPUBLIC POLICY
dc.subjectREGRESSION ANALYSES
dc.subjectRESEARCH ASSISTANCE
dc.subjectRETIRED
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGE
dc.subjectRETIREMENT FUND
dc.subjectRETIREMENT FUNDS
dc.subjectRETIREMENT PLANNING
dc.subjectRETIREMENT PLANS
dc.subjectRETIREMENT SECURITY
dc.subjectRISK DIVERSIFICATION
dc.subjectRULE OF LAW
dc.subjectSAVING BEHAVIORS
dc.subjectSAVINGS
dc.subjectSECONDARY EDUCATION
dc.subjectTAX
dc.subjectTAX POLICY
dc.subjectTYPES OF PENSION
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUABLE
dc.subjectWAGE
dc.subjectWILL
dc.titleFinancial Literacy and Retirement Planning : The Russian Caseen
dspace.entity.typePublication
okr.crosscuttingsolutionareaGender
okr.crossref.titleFinancial Literacy and Retirement Planning: The Russian Case
okr.date.disclosure2011-10-01
okr.date.doiregistration2025-04-10T11:10:18.429802Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111004160352
okr.globalpracticeGovernance
okr.guid444441468306532846
okr.identifier.doi10.1596/1813-9450-5827
okr.identifier.externaldocumentum000158349_20111004160352
okr.identifier.internaldocumentum15214077
okr.identifier.reportWPS5827
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/10/04/000158349_20111004160352/Rendered/PDF/WPS5827.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.region.geographicalEurope
okr.region.geographicalEastern Europe
okr.region.geographicalCommonwealth of Independent States
okr.region.geographicalAsia
okr.sectorFinance :: General finance sector
okr.topicGender::Gender and Law
okr.unitDevelopment Research Group (DECRG)
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
okr.volume1 of 1
relation.isAuthorOfPublicatione0a9502f-8574-53b5-bf27-732f5a6026e2
relation.isAuthorOfPublication.latestForDiscoverye0a9502f-8574-53b5-bf27-732f5a6026e2
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
WPS5827.pdf
Size:
1.23 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
WPS5827.txt
Size:
69.54 KB
Format:
Plain Text
Download
Collections
Policy Research Working Papers