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Households' financial resilience, risk perceptions, and financial literacy : evidence from a survey experiment
Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2023 - This version: 21 December 2023
We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive) financial shocks are negatively (positively) related to financial resilience. Financial...
Persistent link: https://www.econbiz.de/10014473206
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Linking savings behavior, confidence and individual feedback : a field experiment in Ethiopia
Avdeenko, Alexandra; Bohne, Albrecht; Frölich, Markus - 2019
In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing … savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as … health, education, and agricultural investments. We causally identify a strong increase in savings to a soft commitment …
Persistent link: https://www.econbiz.de/10012126111
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Household saving behavior and credit constraints in the Euro area
Le Blanc, Julia; Porpiglia, Alessandro; Teppa, Federica; … - 2014
We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new harmonized data set collecting detailed information on...
Persistent link: https://www.econbiz.de/10010388544
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Households' financial fragility during the COVID-19 pandemic in Germany
Cziriak, Marius - 2022
cope with an unexpected expense and are more likely to complement their rainy day savings with funds from other sources …
Persistent link: https://www.econbiz.de/10013479842
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Fearless woman : financial literacy and stock market participation
Bucher-Koenen, Tabea; Alessie, Rob; Lusardi, Annamaria; … - 2021 - This version: 2.3.2021
Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. Our survey experiment shows that women tend to disproportionately respond “do not know” to questions measuring financial knowledge, but when this...
Persistent link: https://www.econbiz.de/10012431925
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Finanzwissen und Finanzbildung in Deutschland : was wissen wir eigentlich?
Bucher-Koenen, Tabea; Knebel, Caroline - 2021
Im internationalen Vergleich verfügen die Deutschen über ein relativ hohes Finanzwissen. Allerdings bedeutet dies nicht, dass Finanzwissen universell verbreitet ist. Der Anteil der Befragten, die drei grundlegende Fragen zu Zins, Inflation und Risikodiversifikation beantworten können, liegt...
Persistent link: https://www.econbiz.de/10012431932
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Financial education affects financial knowledge and downstream behaviors
Kaiser, Tim; Lusardi, Annamaria; Menkhoff, Lukas; … - 2020
We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment...
Persistent link: https://www.econbiz.de/10012237275
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Financial literacy and intra-household decision making : evidence from Rwanda
Grohmann, Antonia; Schoofs, Annekathrin - 2019
-household decision making? Using data on savings groups in Rwanda, we examine this relationship and show that women with higher financial …
Persistent link: https://www.econbiz.de/10012108638
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Financial fragility, financial literacy and the early withdrawal of retirement savings during COVID-19
Preston, Alison - 2022
Persistent link: https://www.econbiz.de/10013540520
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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