Skip to main content
Have a personal or library account? Click to login
Finanzwissen in der Bevölkerung: Herausforderungen für die Altersvorsorgeplanung Cover

Finanzwissen in der Bevölkerung: Herausforderungen für die Altersvorsorgeplanung

Open Access
|Aug 2026

References

  1. Almenberg, J. & Säve-Söderbergh, J. (2011). Financial literacy and retirement planning in Sweden. Journal of Pension Economics & Finance, 10(4), 585–598.
  2. Aprea, C. & Suna, M. (2024). Finanzbildungsangebote in Deutschland: Bestandsaufnahme, kritische Würdigung und Perspektiven für die nationale Strategieentwicklung. Zeitschrift für ökonomische Bildung, 13, 238–335.
  3. Behrman, J. R., Mitchell, O. S., Soo, C. K. & Bravo, D. (2012). How Financial Literacy Affects Household Wealth Accumulation. American Economic Review, 102(3), 300–304.
  4. Beshears, J., Choi, J. J., Laibson, D., Madrian, B. C. & Milkman, K. L. (2015). The Effect of Providing Peer Information on Retirement Savings Decisions. Journal of Finance, 70(3), 1161–1201.
  5. Bianchi, M. (2018). Financial Literacy and Portfolio Dynamics. Journal of Finance, 73(2), 831–859.
  6. Börsch-Supan, A., Bucher-Koenen, T., Coppola, M. & Lamla, B. (2015). Savings in times of demographic change: Lessons from the German experience. Journal of Economic Surveys, 29(4), 807–829.
  7. Bucher-Koenen, T., Alessie, R., Lusardi, A. & van Rooij, M. (2025). Fearless Woman: Financial Literacy, Confidence, and Stock Market Participation. Management Science, 71(9), 7414–7430.
  8. Bucher-Koenen, T., Hackethal, A., Kasinger, J. & Laudenbach, C. (2022). Disparities in financial literacy, pension planning, and saving behavior. SAFE Working Paper, 362.
  9. Bucher-Koenen, T., Janssen, B., Knebel, C. & Tzamourani, P. (2023). Financial literacy, stock market participation, and financial wellbeing in Germany. Journal of Financial Literacy and Wellbeing, 1(3), 486–513.
  10. Bucher-Koenen, T. & Knebel, C. (2021). Finanzwissen und Finanzbildung in Deutschland – Was wissen wir eigentlich? Vierteljahrshefte zur Wirtschaftsforschung, 90(1), 11–32.
  11. Bucher-Koenen, T. & Lusardi, A. (2011). Financial literacy and retirement planning in Germany. Journal of Pension Economics & Finance, 10(4), 565–584.
  12. Carlin, B., Olafsson, A. & Pagel, M. (2023). Mobile Apps and Financial Decision Making. Review of Finance, 27(3), 977–996.
  13. Chan, S. & Stevens, A. H. (2008). What You Don’t Know Can’t Help You: Pension Knowledge and Retirement Decision-Making. Review of Economics and Statistics, 90(2), 253–266.
  14. Clark, R., Lusardi, A. & Mitchell, O. S. (2017). Financial knowledge and 401(k) investment performance: a case study. Journal of Pension Economics and Finance, 16(3), 324–347.
  15. Cziriak, M. (2022). Households’ financial fragility during the COVID-19 pandemic in Germany. ZEW Discussion Papers, 22-070.
  16. D’Acunto, F., Prabhala, N. & Rossi, A. G. (2019). The Promises and Pitfalls of Robo-Advising. Review of Financial Studies, 32(5), 1983–2020.
  17. Daminato, C., Filippini, M. & Haufler, F. (2024). Digitalization and Retirement Contribution Behavior: Evidence from Administrative Data. Review of Financial Studies, 37(8), 2510–2549.
  18. Deuflhard, F., Georgarakos, D. & Inderst, R. (2019). Financial Literacy and Savings Account Returns. Journal of the European Economic Association, 17(1), 131–164.
  19. Dolls, M., Doerrenberg, P., Peichl, A. & Stichnoth, H. (2018). Do retirement savings increase in response to information about retirement and expected pensions? Journal of Public Economics, 158, 168–179.
  20. Elling, S. & Lentz, L. (2018). Tien jaar UPO: Een terugblik en vooruitblik op inhoud, doelen en effectiviteit. Design Paper, 102, 1–42. Netspar Industry Series.
  21. EU – Europäische Union. (2025). EU to boost financial literacy and investment opportunities for citizens [Press release]. European Commission, IP/25/2236.
  22. Fornero, E. & Monticone, C. (2011). Financial literacy and pension plan participation in Italy. Journal of Pension Economics and Finance, 10(4), 547–564.
  23. Goda, G. S., Manchester, C. F. & Sojourner, A. J. (2014). What will my account really be worth? Experimental evidence on how retirement income projections affect saving. Journal of Public Economics, 119, 80–92.
  24. Haupt, M. (2014). Konsumentensouveränität im Bereich privater Altersvorsorge: Informationen und Institutionen.
  25. Hentzen, J. K., Hoffmann, A. O. I. & Dolan, R. M. (2022). Which consumers are more likely to adopt a retirement app and how does it explain mobile technology-enabled retirement engagement? International Journal of Consumer Studies, 46(2), 368–390.
  26. Kaiser, T., Lusardi, A., Mitchell, O. S. & Oberrauch, L. (2026). Measuring Financial Literacy with the Big Three: Why It Works. NBER Working Paper, 35342. National Bureau of Economic Research.
  27. Kalda, A., Loos, B., Previtero, A. & Hackethal, A. (2021). Smart(Phone) Investing? A within Investor-time Analysis of New Technologies and Trading Behavior. NBER Working Paper Series, 28363.
  28. Lusardi, A., Michaud, P.-C. & Mitchell, O. S. (2017). Optimal Financial Knowledge and Wealth Inequality. Journal of Political Economy, 125(2), 431–477.
  29. Lusardi, A. & Mitchell, O. S. (2007). Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of Monetary Economics, 54(1), 205–224.
  30. Lusardi, A. & Mitchell, O. S. (2008). Planning and Financial Literacy: How Do Women Fare? American Economic Review, 98(2), 413–417.
  31. Lusardi, A. & Mitchell, O. S. (2011). Financial Literacy and Planning: Implications for Retirement Well-being. In A. Lusardi & O. S. Mitchell (2011), Financial Literacy: Implications for Retirement Security and the Financial Marketplace (S. 17–49). Oxford Press.
  32. Lusardi, A. & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5–44.
  33. Lusardi, A. & Mitchell, O. S. (2023). The Importance of Financial Literacy: Opening a New Field. Journal of Economic Perspectives, 37(4), 137–154.
  34. Lusardi, A., Mitchell, O. S. & Oggero, N. (2020). Debt and Financial Vulnerability on the Verge of Retirement. Journal of Money, Credit and Banking, 52(5), 1005–1034.
  35. Lusardi, A., Mitchell, O. S. & Oggero, N. (2026). Understanding debt in the older population. Journal of Pension Economics & Finance, 25(1), 25–42.
  36. Lusardi, A. & Tufano, P. (2015). Debt literacy, financial experiences, and overindebtedness. Journal of Pension Economics and Finance, 14(4), 332–368.
  37. Mastrobuoni, G. (2011). The role of information for retirement behavior: Evidence based on the stepwise introduction of the Social Security Statement. Journal of Public Economics, 95(7–8), 913–925.
  38. OECD – Organisation for Economic Co-operation and Development. (2016). OECD/INFE International Survey of Adult Financial Literacy Competencies. OECD Publishing.
  39. OECD – Organisation for Economic Co-operation and Development. (2017). G20/OECD INFE Report on ensuring financial education and consumer protection for all in the digital age. OECD Publishing.
  40. OECD – Organisation for Economic Co-operation and Development. (2024). Strengthening Financial Literacy in Germany: Proposal for a National Financial Literacy Strategy. OECD Publishing.
  41. Oggero, N., Figari, F., Fornero, E. & Rossi, M. (2023). Support for pension reforms: What is the role of financial literacy and pension knowledge? Journal of Accounting and Public Policy, 42(4), 107096.
  42. van Rooij, M., Alessie, R. & Lusardi, A. (2024). Financial literacy in the DNB Household Survey: insights from innovative data collection. Journal of Financial Literacy and Wellbeing, 2(1), 21–37.
  43. van Rooij, M., Lusardi, A. & Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449–472.
  44. van Rooij, M. C. J., Lusardi, A. & Alessie, R. J. M. (2012). Financial Literacy, Retirement Planning and Household Wealth. The Economic Journal, 122(560), 449–478.
  45. Von Gaudecker, H.-M. (2015). How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice? Journal of Finance, 70(2), 489–507.
  46. Wiersma, J. T. E., Alessie, R. J. M., Kalwij, A. S., Lusardi, A. & van Rooij, M. C. J. (2025). Skating on Thin Ice: New Evidence on Financial Fragility. Journal of Consumer Affairs, 59(2), e70017.
  47. Yakoboski, P., Lusardi, A. & Hasler, A. (2022). How Financial Literacy Varies Among U.S. Adults: The 2022 TIAA Institute-GFLEC Personal Finance Index. TIAA Institute Research Paper Serie, 2022-01.
  48. Yakoboski, P. J., Lusardi, A. & Hasler, A. (2023). Financial literacy, longevity literacy, and retirement readiness. SSRN Electronic Journal.
DOI: https://doi.org/10.2478/wd-2026-0119 | Journal eISSN: 1613-978X | Journal ISSN: 0043-6275
Language: German, English
Page range: 481 - 487
Published on: Aug 6, 2026
Published by: ZBW – Leibniz-Informationszentrum Wirtschaft
In partnership with: Paradigm Publishing Services
Publication frequency: 12 issues per year
JEL:

© 2026 Tabea Bucher-Koenen, Caroline Knebel-Seitz, Sara Gregori, published by ZBW – Leibniz-Informationszentrum Wirtschaft
This work is licensed under the Creative Commons Attribution 4.0 License.