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Full-Text Articles in Business
Mapping Of Global Research Trends In Financial Literacy: A Scientometric Approach, Avadhesh Kumar Patel, Madan Singh, Ayush Kumar Patel, Kunwar Singh
Mapping Of Global Research Trends In Financial Literacy: A Scientometric Approach, Avadhesh Kumar Patel, Madan Singh, Ayush Kumar Patel, Kunwar Singh
Library Philosophy and Practice (e-journal)
The main goal of this present study was to access the global research trends in financial literacy. The data obtained from the Scopus database, one of Elsevier's largest bibliographic databases. The various scientometric indicators have been applied in this study, such as year-wise growth pattern with Citation, Annual growth rate (AGR), Relative growth rate (RGR), Authorship pattern, degree of collaboration (DC), Correlation coefficient (CC), Most prolific authors, highly cited documents, most collaborative institutes, highly preferred sources, top funding agencies, Subject wise distribution and types of papers, etc. The study comprises a review of 2000 research documents published with 22229 citations …
Financial Literacy And Financial Decision-Making At Older Ages, Joelle H. Fong, Seng Kee Benedict Koh, Olivia S. Mitchell, Susann Rohwedder
Financial Literacy And Financial Decision-Making At Older Ages, Joelle H. Fong, Seng Kee Benedict Koh, Olivia S. Mitchell, Susann Rohwedder
Research Collection Lee Kong Chian School Of Business
How well older households manage their wealth holdings is an important determinant of their financial security during retirement, yet little is known about their financial decision-making and how this relates to their financial literacy. Our paper fills this gap by measuring financial literacy among older persons in the Singapore Life Panel and examining its association with timely credit card debt repayment, stock market participation, and age-based investment risk diversification. Most older respondents understand interest compounding and inflation, but fewer than half know about risk diversification. Almost all older credit card holders pay off their balances in a timely manner, but …
Trust And Retirement Preparedness: Evidence From Singapore, Benedict S. K. Koh, Olivia S. Mitchell, Joelle H. Fong
Trust And Retirement Preparedness: Evidence From Singapore, Benedict S. K. Koh, Olivia S. Mitchell, Joelle H. Fong
Research Collection Lee Kong Chian School Of Business
Trust is an essential component of any financial system, and distrust can undermine savings and economic growth. Our study draws on the Singapore Life Panel to assess how trust ties to older respondents’ (1) pension plan participation and withdrawals; (2) life, health, and long-term care insurance holdings; and (3) stock market engagement. We show that the widely-used ‘trust in people’ question is uncorrelated with household behaviours related to retirement preparedness. Instead, trust in private and public financial representatives is positively associated with pension savings, investments, and insurance holdings. Financial literacy also plays an important and consistent role in retirement decision-making.