Financial literacy and anxiety about life in old age: evidence from the USA
Financial literacy and anxiety about life in old age: evidence from the USA
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DOI：
10.1007/s11150-017-9401-1
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发表时间：
2018-09-01
影响因子：
5.1
通讯作者：
Dominguez, Alvaro
中科院分区：
文献类型：
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作者：
Kadoya, Yoshihiko;Khan, Mostafa Saidur Rahim;Dominguez, Alvaro
这项研究探讨了金融知识是否有助于减少老年生活的焦虑。我们假设，有财务知识的人更有能力赚取收入和积累资产，从而使他们在老年时的生活不那么焦虑。另一方面，对经济知识了解较少的人，由于无法积累足够的资产，他们更多地依赖社会保障来保障自己的晚年生活。通过使用美国的调查数据，我们提供的证据表明，只有那些对财务知识更了解的人，资产才能显着减少对老年生活的焦虑。对于缺乏财务知识的人来说，社会保障在减少老年生活焦虑方面发挥着重要作用。除此之外，有孩子和经常锻炼也减少了所有受访者的焦虑，但婚姻状况减少了40岁以上受访者的焦虑。我们的研究结果是稳健的金融知识和内分泌问题的测量。
This study examines whether financial literacy can help to reduce anxiety about life in old age. We hypothesized that financially literate people are more able to earn income and accumulate assets, leading them to have a less anxious life in old age. On the other hand, less financially literate people rely more on social security to secure themselves in the old age as they are not able to accumulate sufficient assets. By using US survey data, we provide evidence that assets significantly reduce anxiety about life in old age only for people who are more financially literate. For less financially literate people, social security plays an important role in reducing anxiety about life in old age. Besides these, having a child and doing regular exercise also reduced anxiety for all respondents but marital status reduced anxiety in respondents over 40 years of age. The results of our study are robust to measurement of financial literacy and endogeneity problems.