THE INFLUENCE OF POPULATION’S FINANCIAL LITERACY ON PENSION SYSTEM REFORM
Concern about demographic changes caused the modernization of pension systems in most countries of the world. The findings based on international practices investigation presented in the article confirm that the level of financial literacy has a significant positive impact on the development o...
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| Format: | Article |
| Language: | English |
| Published: |
Academy of the Economic Studies of Moldova
2018-03-01
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| Series: | Economica |
| Subjects: | |
| Online Access: | http://irek.ase.md/xmlui/bitstream/handle/123456789/521/Biloocaia-S_%20ec_2018_3.pdf?sequence=1&isAllowed=y |
| Summary: | Concern about demographic changes
caused the modernization of pension systems in
most countries of the world. The findings based
on international practices investigation presented
in the article confirm that the level of financial
literacy has a significant positive impact on the
development of national pension systems. These
evidences provide a rationale for raise the level
of financial literacy in the Republic of Moldova,
especially for certain specific sub-populations,
that risk not having sufficient financial knowledge
to adequately address the problems associated
with reforming the pension system |
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| ISSN: | 1810-9136 1810-9136 |