Boisclair, David; Lusardi, Annamaria; Michaud, Pierre-Carl - Centre Interuniversitaire de Recherche en Analyse des … - 2014
Financial literacy and Canadians' capacity to plan for retirement is of primary importance for the policy debate over … pension system reform in Canada. In this paper, we draw on internationally comparable survey evidence on financial literacy … literacy; those who responded correctly to all three financial literacy questions are 10 percentage points more likely to have …