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that allows us to disentangle financial knowledge and confidence. We find that both financial knowledge and confidence are …
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Financial knowledge is essential for every individual, due to the complexity of the financial structure it becomes … essential for everyone to manage their cash effectively. Because less financial knowledge consumers are confused while deciding … knowledge with financial inclusion and financial decisions. We researched 8 districts of Punjab province in Pakistan. Data is …
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This study explores financial knowledge patterns from 2009 to 2018, focusing on objective and subjective knowledge …, overconfidence in financial knowledge, and “Don’t know” responses. We used four waves of National Financial Capability Study (NFCS …) datasets. Objective financial knowledge was lower in 2018 than in 2009, and the proportion of individuals who were …
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measures of financial knowledge moderate the relationship between an investor’s financial risk tolerance and demographic … (IRT). Subjective financial knowledge (SFK) was positively associated with IRT. The relationship between gender and IRT was … moderated by SFK, whereas the relationship between IRT and age was moderated by objective financial knowledge (OFK). A positive …
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differences in financial knowledge. Of the 32 papers we review, 12 focus on racial/ethnic differences, 7 focus on gender … score 17 percentage points higher than Black adults on objective financial knowledge, 14 percentage points higher than … points higher than women on objective financial knowledge. We also provide average racial/ethnic and gender differences in …
Persistent link: https://www.econbiz.de/10015412097
We elicit preferences for retirement timing in a laboratory experiment. Subjects make retirement choices under different payoff schemes that introduce variation in financial incentives. Testing ceteris paribus conditions of the financial incentive alone shows a considerable delay of retirement...
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