Trust and retirement preparedness: Evidence from Singapore
作者： Benedict S.K. Koh , Olivia S. Mitchell , Joelle H. Fong
DOI: 10.1016/J.JEOA.2020.100283
关键词:
摘要: Abstract Trust is an essential component of any financial system, and distrust can undermine savings economic growth. Our study draws on the Singapore Life Panel to assess how trust ties older respondents’ (1) pension plan participation withdrawals; (2) life, health, long-term care insurance holdings; (3) stock market engagement. We show that widely-used ‘trust in people’ question uncorrelated with household behaviours related retirement preparedness. Instead, private public representatives positively associated savings, investments, holdings. Financial literacy also plays important consistent role decision-making.
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