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Financial Literacy and Private Old-Age Provision in Germany – Evidence from SAVE 2008

Bucher-Koenen, Tabea - 2010

The German population has good financial knowledge measured on the basis of three financial literacy questions. Around …-age acquire financial knowledge to improve their investment decisions. Interestingly, the possession of a state subsidised Riester … knowledge to save for old-age. Nevertheless, individuals in the lowest income quintile still have very low levels of private …

Persistent link: https://www.econbiz.de/10013149191

Financial literacy among German students at secondary schools : some empirical evidence from the state of Hesse

Brühl, Volker - 2019

knowledge and skills in this country as well. In this paper we investigate financial literacy among students aged 14 to 16 … identified in the fields of basic knowledge of financial matters and, to an even greater degree, in more advanced concepts such …

Persistent link: https://www.econbiz.de/10012060910

Determinants of financial literacy among German students : an empirical analysis

Riebe, Katharina - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 4, pp. 39-53

to acquire knowledge of financial instruments and financial application. …

Persistent link: https://www.econbiz.de/10012990264

Financial literacy and financial behavior : do women lag behind? ; conference paper

Grohmann, Antonia; Hübler, Olaf; Kouwenberg, Roy; … - 2014

This research challenges the stylized fact of a gender gap in financial literacy, i.e. the finding that women lag behind men in this respect. Our data which samples middle-class people from Bangkok does not show a gender gap, neither in regards to financial literacy nor regarding various kinds...

Persistent link: https://www.econbiz.de/10010484765

Knowing what not to do : financial literacy and consumer credit choices ; conference paper

Dick, Christian D.; Jaroszek, Lena M. - 2014

We analyze whether the frequent use of credit lines is rational or influenced by behavioral traits of households. We consider the special case of Germany where credit lines on current accounts are available to 80% of the population. We document that the excessive usage of costly credit lines is...

Persistent link: https://www.econbiz.de/10010484414

Financial Literacy Among German Students at Secondary Schools : Some Empirical Evidence from the State of Hesse

Brühl, Volker - 2019

knowledge and skills in this country as well.In this paper we investigate financial literacy among students aged 14 to 16 … identified in the fields of basic knowledge of financial matters and, to an even greater degree, in more advanced concepts such …

Persistent link: https://www.econbiz.de/10012863560

Using the U.S. test of financial literacy in Germany : adaptation and validation

Förster, Manuel; Happ, Roland; Molerov, Dimitar - In: The journal of economic education 48 (2017) 2, pp. 123-135

Persistent link: https://www.econbiz.de/10012292423

Does sophistication affect long-term return expectations? : evidence from financial advisers' exam scores

Kaustia, Markku; Lehtoranta, Antti; Puttonen, Vesa - 2013

We use unique data fromfinancial advisers' professional exam scores and combine it with other variables to create an index of financial sophistication. Using this index to explain long-term stock return expectations, we find that more sophisticated financial advisers tend to have lower return...

Persistent link: https://www.econbiz.de/10010226116

It Takes Two to Tango : Households' Response to Financial Advice and the Role of Financial Literacy

Stolper, Oscar - 2017

potential for misselling is mitigated, the negative impact of advisees' financial knowledge on their propensity to implement …

Persistent link: https://www.econbiz.de/10012970878

Financial literacy, stock market participation, and financial well-being in Germany

Bucher-Koenen, Tabea; Janssen, Bennet; Knebel, Caroline; … - 2023

We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...

Persistent link: https://www.econbiz.de/10014504767