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need for financial education in early stages of life that combines theoretical knowledge with confidence building measures. …
Persistent link: https://www.econbiz.de/10014500367
to understand independently without the right training and direction. Many consumers lack the knowledge to comprehend … financial socialisation. Parental money management education imparts the fundamental knowledge and abilities required to … body of knowledge as is among the first to investigate the influence of parental financial socialisation on financial …
Persistent link: https://www.econbiz.de/10015374754
This paper examines financial literacy in Canada using a dataset from early 2023 that measures the knowledge of middle …, we then show a strong correlation between financial literacy and the knowledge of the retirement system in Canada …. Finally, we provide evidence that general financial literacy and knowledge of the retirement system matter for retirement …
Persistent link: https://www.econbiz.de/10014553069
Six years of data from the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) clearly demonstrate that U.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness, a specific realm of financial well-being, likewise...
Persistent link: https://www.econbiz.de/10014254866
reflects women’s lower confidence. In our experiment, women are more likely to choose “do not know” or refuse to answer … that allows us to disentangle financial knowledge and confidence. We find that both financial knowledge and confidence are …
Persistent link: https://www.econbiz.de/10015323847
This paper uses unique administrative data and a quasi-field experiment of exogenous allocation of refugees in Sweden … point strongly to transfer of knowledge rather than mere imitation. They are relevant both for financial education and for …
Persistent link: https://www.econbiz.de/10011574317
This paper uses unique administrative data and a quasi-field experiment of exogenous allocation in Sweden to estimate … of causal impact of exposure and of a social multiplier of financial knowledge, but also of unfavorable distributional ….Findings point to transfer of knowledge rather than mere imitation or effects through labor, education, or mobility channels. …
Persistent link: https://www.econbiz.de/10011936226
The term financial literacy refers to knowledge, attitudes, and behaviour around money matters. Low levels of financial …
Persistent link: https://www.econbiz.de/10014257181
Persistent link: https://www.econbiz.de/10014458687
of knowledge, awareness, and abilities, which includes some aspects of financial literacy (FL) and digital literacy (DL …
Persistent link: https://www.econbiz.de/10013219126