Mitchell, Olivia; Behrman, Jere R.; Soo, Cindy; Bravo, David - National Bureau of Economic Research (NBER) - 2010
Financial literacy and schooling attainment have been linked to household wealth accumulation. Yet prior findings may … be biased due to noisy measures of financial literacy and schooling, as well as unobserved factors such as ability …, intelligence, and motivation that could enhance financial literacy and schooling but also directly affect wealth accumulation. We …