Occupational Learning, Financial Knowledge, and the Accumulation of Retirement Wealth
dc.contributor.author | Helppie, Brooke | |
dc.contributor.author | Kapinos, Kandice A. | |
dc.contributor.author | Willis, Robert J. | |
dc.date.accessioned | 2010-11-30T17:55:22Z | |
dc.date.available | 2010-11-30T17:55:22Z | |
dc.date.issued | 2010-10 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/78354 | |
dc.description.abstract | This study explores the relationship between general human capital investment, financial knowledge, occupational spillovers, and the accumulation of wealth in a primarily descriptive manner. Drawing upon human capital theory and following previous related work by Delavande, Rohwedder and Willis (2008), we hypothesized that individuals with daily exposure to financial knowledge through their occupation would benefit by having greater financial knowledge that would translate into greater wealth accumulation than individuals who do not enjoy such spillovers from their occupation. Using data from the Cognitive Economics Study and the Health and Retirement Study, we find strong evidence that individuals in financial occupations tend to have greater financial knowledge and moderate evidence that they also have greater wealth accumulation. | en_US |
dc.description.sponsorship | Social Security Administration | en_US |
dc.format.extent | 256892 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | WP 2010-237 | en_US |
dc.subject | WP 2010-237 | en_US |
dc.title | Occupational Learning, Financial Knowledge, and the Accumulation of Retirement Wealth | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | University of Michigan | en_US |
dc.contributor.affiliationum | University of Michigan | en_US |
dc.contributor.affiliationum | University of Michigan | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/78354/1/wp237.pdf | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
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