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Financial literacy is essential for making key financial decisions related to saving, borrowing and investment … financial literacy on investment behavior. Primary data from 309 respondents across India was collected for the purpose of the …. Unexpectedly, financial literacy was found to have no effect on investment behavior. To the best of the authors' knowledge, this …
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This study aims to determine the factors that affect financial literacy in Japan using data from Osaka University's Preference Parameter Study in Japan. We examined fourteen variables covering respondents' demographic, socio-economic, and psychological backgrounds drawn from social learning,...
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This study examines the role of actual and perceived financial sophistication (i.e., financial literacy and confidence) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and education-related differences in the distribution of the two...
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Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...
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