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discrete choice experiment where subjects choose between three retirement accounts. Switching between graphical or textual …
Persistent link: https://www.econbiz.de/10010551706
discrete choice experiment where subjects choose between three retirement accounts. Switching between graphical or textual …
Persistent link: https://www.econbiz.de/10010552089
This paper analyses the role played by financial literacy in savings decisions and wealth decumulation. The broad evidence shows that (elderly) households do not decumulate their assets as they age, contradicting the standard life-cycle theory, which predicts that households should decumulate...
Persistent link: https://www.econbiz.de/10011097643
teaching on pupils� financial knowledge is measured by tests. The empirical evidence shows that the program proved successful … in increasing the financial knowledge of pupils, for longer than one year. …
Persistent link: https://www.econbiz.de/10011100387
matters and their financial knowledge, especially their ability to properly assess the riskiness of assets. Behaviorally, we …
Persistent link: https://www.econbiz.de/10011264654
demonstrate a modest financial knowledge and can be categorized as a literate (bankable) group. The functional financial literacy …
Persistent link: https://www.econbiz.de/10011113071
, savings and stock market participation are interconnected decisions. However, to the best of our knowledge, a theoretical …
Persistent link: https://www.econbiz.de/10011113360
This paper examines the ability of financial advice provided by sellers of financial services to substitute for financial literacy of customers. I set up a simple theoretical model in which an informed financial advisor communicates with a less informed customer of financial services. Given the...
Persistent link: https://www.econbiz.de/10011122254
does not depend on either the level of their knowledge of finance and economics or on their perception of their own … financial literacy, financial knowledge and risk appetite among higher education students (n=1,743), as well as the factors … financial knowledge and competence. Excessive risk aversion may prevent the leveraging of financial opportunities and may act as …
Persistent link: https://www.econbiz.de/10011122499
Novel evidence is provided indicating that the influence from family (parents and partners) and peer social interaction on individuals’ stock market participation vary over different types of individuals. Focusing on distinct features of concern for the social interaction process, results...
Persistent link: https://www.econbiz.de/10011198622