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Pension knowledge in Chile and regional development characteristics

Published online by Cambridge University Press:  15 September 2023

Alejandra Inzunza  and
Jose Ruiz Open the ORCID record for Jose Ruiz [Opens in a new window]
Alejandra Inzunza
Affiliation:
Financial Policy Division, Central Bank of Chile, Agustinas 1180, Santiago, Chile
Jose Ruiz*
Affiliation:
Faculty of Economics and Business, University of Chile, Diagonal Paraguay 257, Santiago, Chile
*
Corresponding author: Jose Ruiz; Email: jlruiz@fen.uchile.cl
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Abstract

Pension systems increasingly require active involvement from their participants for retirement planning. This leads to the need for a proper level of financial literacy to foster decision-making. Based on the Chilean Social Protection Survey and the Regional Development Index data, specific characteristics related to the region of residence, such as the quality of life, access to job opportunities, and available connectivity tools, are seen to have a positive impact on pension knowledge. Hence, these regional level results provide inputs to policymakers for developing appropriate policies regarding pension knowledge.

Keywords

financial literacypension knowledgeregional development indexD14J26O21R58
Type
Article
Information
Journal of Pension Economics & Finance , Volume 23 , Issue 2 , April 2024 , pp. 243 - 271
Copyright
Copyright © The Author(s), 2023. Published by Cambridge University Press

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