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Information and Financial Literacy for Socially Sustainable NDC Pension Schemes / Elsa Fornero.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Fornero, Elsa.
- Series:
- Social Protection and Labor Discussion Papers.
- World Bank e-Library.
- Social Protection and Labor Discussion Papers
- Language:
- English
- Subjects (All):
- Finance and Financial Sector Development.
- Financial Literacy.
- Pension Reform.
- Pensions and Retirement Systems.
- Social Protections and Labor.
- Local Subjects:
- Finance and Financial Sector Development.
- Financial Literacy.
- Pension Reform.
- Pensions and Retirement Systems.
- Social Protections and Labor.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- 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.
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