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We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have little financial...
Persistent link: https://www.econbiz.de/10009643046
Household saving is still little understood, and even the basic facts – for instance: How does saving change over the life cycle? Does saving turn negative in old age? – are controversial. Understanding saving behavior is not only an important question of economic theory because the division...
Persistent link: https://www.econbiz.de/10005592976
Household saving is still little understood, and even the basic facts – for instance: How does saving change over the life cycle? Does saving turn negative in old age? – are controversial. Understanding saving behavior is not only an important question of economic theory because...
Persistent link: https://www.econbiz.de/10005434939