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Financial Literacy by Annamaria Lusardi & Olivia S. Mitchell
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Financial Literacy

Implications for Retirement Security and the Financial Marketplace

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Narrator Kitty Hendrix

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Length 9 hours 36 minutes
Language English
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As financial markets grow ever more complex and integrated, households must make increasingly sophisticated and all-too-often irreversible economic decisions. This is particularly evident in retirement decision-making. Traditional defined benefit pension schemes are being replaced with defined contribution pensions; employer and government judgment regarding how much to save and where to invest has been replaced by employees having to make these choices on their own (sometimes assisted by advisers); and retirees have become responsible for managing their own pension assets.

This volume explores how financial literacy can enhance peoples' ability to make informed economic choices. It proposes that financial literacy determines how well people make and execute saving, investing, borrowing, and planning decisions. It examines causality using controlled settings to disentangle whether financial literacy causes saving or vice versa, and demonstrates that financial education programs do indeed enhance financial decision-making and asset accumulation.

Annamaria Lusardi has taught at Dartmouth College, Princeton University, and the University of Chicago's Harris School of Public Policy and Booth School of Business. She is the Director of the new Financial Literacy Center, a joint consortium with the Rand Corporation, Dartmouth College, and the Wharton School of the University of Pennsylvania, with the support of the Social Security Administration. She received her PhD in Economics from Princeton University.

Olivia S. Mitchell's main areas of interest are private and public insurance, risk management, public finance, labor markets, compensation, and pensions with both a U.S. and an international focus. She is a Research Associate of the National Bureau of Economic Research and she earned her PhD in Economics from the University of Wisconsin-Madison.

Kitty Hendrix is an Audie Award-nominated and AudioFile Award-winning actor who has narrated books since 2013 in nearly every genre. With an extensive background in professional theater, indie film, and musical performance on both the East and West coasts, she often finds herself performing books that promote personal empowerment. In fiction, with an array of accents and an expansive emotional range, she enjoys narrating dynamic and complex characters. In nonfiction she loves imparting concepts and principles in a clear, compelling, and relatable way. Kitty loves audiobook narration because she gets to apply her acting skills every day. Kitty lives in NYC with her writer husband and her Shiba Inu, Reiki.

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In celebration of Independent Bookstore Day, shop our limited-time sale on bestselling audiobooks from April 22nd-28th. Don’t miss out—purchases support Hudson Booksellers!

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Celebrate indie bookstores with our limited-time sale! Shop the sale

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