Zhao, Min; Dai, Ya; Chen, Haiyang; Li, Zheng - In: Borsa Istanbul Review 24 (2024) 5, pp. 1019-1030
This study explores financial literacy (FL) and its influence on market participation among rural residents in China. Using the 2017 China Household Finance Survey, we find that rural residents have low FL and answer only 33% of basic and 20.8% of advanced questions on average. The findings...
