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How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors

Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could cause th...

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Bibliografiske detaljer
Udgivet i:J Pension Econ Financ
Main Authors: Hastings, Justine, Mitchell, Olivia S.
Format: Artigo
Sprog:Inglês
Udgivet: 2018
Fag:
Online adgang:https://ncbi.nlm.nih.gov/pmc/articles/PMC8025834/
https://ncbi.nlm.nih.gov/pubmed/33833619
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1017/s1474747218000227
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