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In this paper we study whether the presence of binding liquidity constraints and the existence of fixed costs can explain the underinvestment of parents in their children's human capital. We first incorporate these two potential mechanisms into the theoretical model of Raut & Tran (2005) and...
Persistent link: https://www.econbiz.de/10012801012
In this paper we study whether the presence of binding liquidity constraints and the existence of fixed costs can explain the underinvestment of parents in their children's human capital. We first incorporate these two potential mechanisms into the theoretical model of Raut & Tran (2005) and...
Persistent link: https://www.econbiz.de/10012801886
Persistent link: https://www.econbiz.de/10009242837
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Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a … measuring financial knowledge, but when this response option is unavailable, they often choose the correct answer. We estimate a …-third of the financial literacy gender gap can be explained by women’s lower confidence levels. Both financial knowledge and …
Persistent link: https://www.econbiz.de/10012431925
whether individuals have the financial knowledge and skills to navigate this new financial environment. To better understand … Survey. We have designed questions to measure numeracy and basic knowledge related to the working of inflation and interest … rates, as well as questions to measure more advanced financial knowledge related to financial market instruments (stocks …
Persistent link: https://www.econbiz.de/10012465082
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