Publication: Information and Financial Literacy for Socially Sustainable NDC Pension Schemes

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Date
2019-04
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Published
2019-04
Author(s)
Fornero, Elsa
Oggero, Noemi
Puglisi, Riccardo
Abstract
This paper is centered on the complementary roles played by pension communication/information and financial literacy for a sustainable and equitable nonfinancial defined contribution (NDC) system at both the micro and macro socioeconomic level. The paper presents new evidence on: (i) the concern of public opinion about pensions in five European countries (France, Germany, Italy, Sweden, and the United Kingdom), as approximated by Google Trends data; (ii) the relationship between measures of online search volume and coverage by traditional media (i.e., national newspapers); and (iii) the volume and framing of newspaper coverage for a specific reform (i.e., the 2011 Italian reform). On the demand (users) side, the paper considers pension literacy as an element to increase the effectiveness of reforms.
Citation
Fornero, Elsa; Oggero, Noemi; Puglisi, Riccardo. 2019. Information and Financial Literacy for Socially Sustainable NDC Pension Schemes; Information and Financial Literacy for Socially Sustainable NDC Pension Schemes. Social Protection and Jobs Discussion Paper;No. 1924. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/31703?show=full License: CC BY 3.0 IGO.
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