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,...

Despite considerable policy efforts, women continue to be underrepresented in positions of power and decision making. As an important aspect of women empowerment, we examine women’s participation in intrahousehold financial decision making and how this is affected by financial literacy. Using...

Research has consistently shown that women's involvement in household decision making positively affects household outcomes such as nutrition and education of children. Is financial literacy a determinant for women to participate in intra-household decision making? Using data on savings groups...

This study uses a national dataset to examine the association among risk tolerance, financial literacy, and goals-based savings behavior of households. The results indicate that three out of five households do not have any emergency funds set aside, and about half the households have not...

Objective - This study aimed to investigate the level of understanding of financial knowledge and the relationship between financial literacy and retirement planning of working-age people.Methodology – The participants of the study were residents of Sakon Nakhon, Nakhon Phanom and Mukdahan,...

The aim of the present work is to analyze the effect that self-control and financial literacy has on the individual's financial behaviour, focusing specifically on the Spanish case. In order to do so, the survey of 8,554 people conducted by the Bank of Spain has been used and factors have been...

This paper links pension literacy to retirement planning in an emerging economy. The results show that the correct knowledge about pension basics and savings rate have a positive effect on employees' efforts to plan for their retirement. Conversely, employees' correct knowledge about pension...

Assets are leaving actively managed mutual funds at an unprecedented rate as investors have come to perceive that active management does not deliver value. Investor disappointment is generally attributed to the high fees and poor relative performance of the class, yet there is a deeper systemic...

This paper investigates whether false confidence, as characterized by a high level of personal mastery and a low level of intelligence (IQ), results in frequent investor trading and subsequent investor wealth erosion across time. Using the National Longitudinal Survey (NLSY79), change in wealth...

Savings is defined as the difference between income and consumption. The importance of savings cannot be underestimated particularly for a developing economy like India, as it is this part of total income which contributes to the much needed capital formation. A study on the motives &...