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This paper primarily aims to assess the impact of financial literacy on households' investment choices. The paper …, the study aims at establishing whether the choices of investment platforms are influenced by the financial literacy level … finds that financial literacy is positively and significantly associated with household investment choices. More …
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This study examines the role of actual and perceived financial sophistication (i.e., financial literacy and confidence) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and education-related differences in the distribution of the two...
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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,...
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