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Leinert, J. Welchen Einfluss hat Financial Literacy auf die Altersvorsorge?. Vierteljahrshefte zur Wirtschaftsforschung, 86(4), 83-101.
Leinert, Johannes "Welchen Einfluss hat Financial Literacy auf die Altersvorsorge?" Vierteljahrshefte zur Wirtschaftsforschung 86.4, 2017, 83-101.
Leinert, Johannes (2017): Welchen Einfluss hat Financial Literacy auf die Altersvorsorge?, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 86, iss. 4, 83-101, [online]


Welchen Einfluss hat Financial Literacy auf die Altersvorsorge?

Leinert, Johannes

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 86 (2017), Iss. 4 : pp. 83–101

1 Citations (CrossRef)

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infas Institut für angewandte Sozialwissenschaft GmbH, Bonn

Cited By

  1. Financial Literacy and Private Old-Age Provision in Germany – Evidence from SAVE 2008

    Bucher-Koenen, Tabea

    (2009) [Citations: 9]


This contribution examines the influence of financial literacy on old-age provision. To start with, an indirect effect is being described in a theoretical analysis. Accordingly, a lack of financial literacy encourages an aversion against dealing with financial matters. This causes „psychological costs“ of retirement planning and choosing a specific savings scheme. If the individual excessively weights the present moment against future moments (hyperbolic preferences), these costs lead to procrastination of retirement planning and old-age provision. Empirical evidence based on the Bertelsmann Stiftung Vorsorgestudien and the SAVE data supports the presumed correlations. However, a causal interpretation seems plausible and very likely, but cannot be assumed with absolute certainty. To resolve remaining ambiguities, additional research and an improved data basis are required.