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The importance of pension and financial knowledge for pension plan participation in Italy

Elisa Castagno et al.

Journal of Pension Economics and Finance2025https://doi.org/10.1017/s1474747224000143article
AJG 2ABDC B
Weight
0.48

Abstract

Due to the implementation of several pension reforms, Italian individuals have to take more complex financial decisions and have more responsibilities on their retirement well-being which also includes the choice of whether to participate in pension funds. Relying on novel survey data, we empirically investigate the effect of pension and financial knowledge on the probability of pension plan participation in Italy. Despite documenting the already well-known trends about disparities in the level of such knowledge, we are able to establish that only pension literacy has a positive and causal effect on the probability to participate in a private pension fund.

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https://doi.org/https://doi.org/10.1017/s1474747224000143

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@article{elisa2025,
  title        = {{The importance of pension and financial knowledge for pension plan participation in Italy}},
  author       = {Elisa Castagno et al.},
  journal      = {Journal of Pension Economics and Finance},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1017/s1474747224000143},
}

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The importance of pension and financial knowledge for pension plan participation in Italy

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Evidence weight

0.48

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.41 × 0.4 = 0.16
M · momentum0.63 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.