Cognitive Function, Numeracy and Retirement Saving Trajectories
研究基于英国老龄化纵向数据，发现基线计算能力较低者在退休前后财富轨迹与高计算能力者不同，但退休预期和净替代率分布相似。
This paper examines the extent to which cognitive abilities relate to differences in trajectories for key economic outcomes as individuals move towards and through their retirement. We look at whether differences in baseline numeracy (measured in the English Longitudinal Study of Ageing in 2002) and broader cognitive ability predict the subsequent trajectories of outcomes such as wealth, retirement income and key dimensions of retirement expectations. Those with lower numeracy are shown to have different wealth trajectories both pre- and post-retirement than their more numerate counterparts, but the distributions of retirement expectations and net replacement rates are similar across numeracy groups.