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Title: Information and financial literacy for socially sustainable NDC pension schemes
Authors: Fornero, Elsa
Oggero, Noemi
Puglisi, Riccardo
Keywords: Mass media
Issue Date: 1-Aug-2019
Citation: Fornero E., Oggero N., Puglisi R. (2019) Information and financial literacy for socially sustainable NDC pension schemes, Roma, INAPP, WP, n. 35 <>
Abstract: This paper is centered on the complementary roles played by pension communication/information and financial literacy for a sustainable and equitable nonfinancial defined contribution (NDC) system at both the micro and macro socioeconomic level. The paper presents new evidence on: (i) the concern of public opinion about pensions in five European countries (France, Germany, Italy, Sweden, and the United Kingdom), as approximated by Google Trends data; (ii) the relationship between measures of online search volume and coverage by traditional media (i.e., national newspapers); and (iii) the volume and framing of newspaper coverage for a specific reform (i.e., the 2011 Italian reform). On the demand (users) side, the paper considers pension literacy as an element to increase the effectiveness of reforms.
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