Jason Seligman presented this paper at the Family Financial Security Symposium in April, 2010. Following a survey of employees estimated to be one year from retirement Seligman analyzed responses to a twelve item financial literacy quiz relating scores to evidence of planning exercises, self-assessed proficiency with economics, education, wealth, IRA ownership and a battery of demographic controls. … Continue reading Financial Literacy, Evidence from the Cusp of Retirement
Family Financial Security Symposium
Debt Literacy, Financial Experiences, and Overindebtedness
This paper by Annamaria Lusardi & Peter Tufano, which was presented at the Family Financial Security Symposium hosted by CFS in April, 2010, analyzes a national sample of Americans with respect to their debt literacy, financial experiences, and their judgments about the extent of their indebtedness. Debt literacy is measured by questions testing knowledge of fundamental concepts related … Continue reading Debt Literacy, Financial Experiences, and Overindebtedness
Catastrophes and the Demand for Life Insurance
This paper by Stephen Fier, which was presented at the Family Financial Security Symposium hosted by CFS in April, 2010, evaluates the relationship between catastrophic events and the demand for life insurance. Download Paper Based on U.S. state-level data for the period 1994 through 2004, we provide evidence of a significant relationship between catastrophes and life insurance … Continue reading Catastrophes and the Demand for Life Insurance
University of Wisconsin-Madison Center for Financial Security 