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Financial Literacy edited by Olivia S Mitchell and Annamaria Lusardi, £45, ISBN 978 0 19 969681-9 (304 pages) www.oup.com
With the rise and rise of defined contribution, increasingly employer judgments regarding how much and where to save have been replaced by employees having to make these decisions on their own.
Experts in this scholarly work from the Pensions Research Council of the Wharton School show how financial literacy can enhance people’s ability to make informed economic choices in an increasingly complex financial world.
This work demonstrates that financial education can enhance financial decision making and education.
- Issue:
- January 2012
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Author: Stephanie Hawthorne
Stephanie Hawthorne has been editor of Pensions World since 1989.
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