Financial education and retirement system in Spain

Financial education and retirement system in Spain


Individuals try to maintain the marginal utility of consumption relatively constant throughout their lives.

Individuals save a part of the income in the part of the labor life cycle to be able to consume at the time of retirement. The reasons why an individual may decide to save are often due to circumstantial factors. The evolution of these factors has shaped a saving behavior that has followed a downward trend in the last decades in Spain.

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Financial advice Financial literacy Overconfidence Pensions Pensions Retirement and pensions


Javier Alonso

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