Information and Financial Literacy for Socially Sustainable NDC Pension Schemes

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...

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Main Authors: Fornero, Elsa, Oggero, Noemi, Puglisi, Riccardo
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PENSION REFORM
FINANCIAL LITERACY
NONFINANCIAL DEFINED CONTRIBUTION
PENSIONS
RETIREMENT AGE
SOCIAL SECURITY ADMINISTRATION
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
id okr-10986-31703
recordtype oai_dc
spelling okr-10986-317032021-05-25T09:24:02Z Information and Financial Literacy for Socially Sustainable NDC Pension Schemes Fornero, Elsa Oggero, Noemi Puglisi, Riccardo PENSION REFORM FINANCIAL LITERACY NONFINANCIAL DEFINED CONTRIBUTION PENSIONS RETIREMENT AGE SOCIAL SECURITY ADMINISTRATION 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. 2019-05-15T14:13:41Z 2019-05-15T14:13:41Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/704081557816965956/Information-and-Financial-Literacy-for-Socially-Sustainable-NDC-Pension-Schemes http://hdl.handle.net/10986/31703 English Social Protection and Jobs Discussion Paper;No. 1924 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia France Germany Italy Sweden United Kingdom
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PENSION REFORM
FINANCIAL LITERACY
NONFINANCIAL DEFINED CONTRIBUTION
PENSIONS
RETIREMENT AGE
SOCIAL SECURITY ADMINISTRATION
spellingShingle PENSION REFORM
FINANCIAL LITERACY
NONFINANCIAL DEFINED CONTRIBUTION
PENSIONS
RETIREMENT AGE
SOCIAL SECURITY ADMINISTRATION
Fornero, Elsa
Oggero, Noemi
Puglisi, Riccardo
Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
geographic_facet Europe and Central Asia
France
Germany
Italy
Sweden
United Kingdom
relation Social Protection and Jobs Discussion Paper;No. 1924
description 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.
format Working Paper
author Fornero, Elsa
Oggero, Noemi
Puglisi, Riccardo
author_facet Fornero, Elsa
Oggero, Noemi
Puglisi, Riccardo
author_sort Fornero, Elsa
title Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
title_short Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
title_full Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
title_fullStr Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
title_full_unstemmed Information and Financial Literacy for Socially Sustainable NDC Pension Schemes
title_sort information and financial literacy for socially sustainable ndc pension schemes
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/704081557816965956/Information-and-Financial-Literacy-for-Socially-Sustainable-NDC-Pension-Schemes
http://hdl.handle.net/10986/31703
_version_ 1764474913373028352

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