Pension Literacy and Retirement Planning in an Emerging Economy

8 Pages Posted: 3 Apr 2020

Date Written: March 10, 2020

Abstract

This paper links pension literacy to retirement planning in an emerging economy. The results show that the correct knowledge about pension basics and savings rate have a positive effect on employees’ efforts to plan for their retirement. Conversely, employees’ correct knowledge about pension lump sum impair their retirement planning efforts. Enhanced retirement preparedness is associated with the correct knowledge of pension basics and lump sum, pension savings rate and lump sum or pension basics, savings rate and lump sum all together.

Keywords: Pension Literacy, Retirement Planning, Pension Savings, Lump Sum, Ghana

JEL Classification: G02

Suggested Citation

Adeabah, David, Pension Literacy and Retirement Planning in an Emerging Economy (March 10, 2020). Available at SSRN: https://ssrn.com/abstract=3551916 or http://dx.doi.org/10.2139/ssrn.3551916

David Adeabah (Contact Author)

University of Ghana ( email )

PO Box 25
Legon, Accra LG
Ghana

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
47
Abstract Views
297
PlumX Metrics