Lusardi, Annamaria and Olivia S. Mitchell (2011b). Financial Literacy and Retirement Planning in the United States. Journal of Pension Economics and Finance 10(4): 509-525. Lusardi Annamaria and Olivia S. Mitchell (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature 52(1): 5-44. Lusardi, Annamaria, Pierre-Carl Michaud, and Olivia S. Mitchell (2017). Optimal Financial Knowledge and Wealth Inequality.
The global financial market turbulence of late-February and early-March of this year vividly highlighted the existence of some of these market vulnerabilities.