van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob - In: Journal of Financial Economics 101 (2011) 2, pp. 449-472
We have devised two special modules for De Nederlandsche Bank (DNB) Household Survey to measure financial literacy and study its relationship to stock market participation. We find that the majority of respondents display basic financial knowledge and have some grasp of concepts such as interest...