Carpena, Fenella; Cole, Shawn; Shapiro, Jeremy; Zia, Bilal - Economics Research, World Bank Group - 2011
A growing body of literature examines the causal impact of financial literacy on individual, household, and firm level … studies the experimental impact of financial literacy on three distinct dimensions of financial knowledge. The analysis finds … that financial literacy does not immediately enable individuals to discern costs and rewards that require high numeracy …