Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
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...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/704081557816965956/Information-and-Financial-Literacy-for-Socially-Sustainable-NDC-Pension-Schemes http://hdl.handle.net/10986/31703 |
| 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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