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the Singapore Life Panel survey to measure financial literacy to study its relationship with three aspects of household …
Persistent link: https://www.econbiz.de/10012113846
Women typically participate less than men in the stock market, while also scoring lower on financial literacy. We explore the link between the gender gap in stock market participation and financial literacy. Using survey data on a random sample of 1,300 individuals that is representative of the...
Persistent link: https://www.econbiz.de/10013114467
This paper studies the effect of changes in expected college costs on household savings, asset allocation, and stock … market participation. Using household-level data for households with children, I first find that a $1,000 increase in in …-state college tuition leads to a 1.7% higher probability of stock market participation and larger savings but does not affect the …
Persistent link: https://www.econbiz.de/10012860086
Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy …
Persistent link: https://www.econbiz.de/10014504767
This study examines whether financial literacy affects stock market participation. We use data from the Preference Parameter Study, a nationwide survey in Japan, made by Osaka University. Our results show that financial literacy significantly improves stock market participation even after...
Persistent link: https://www.econbiz.de/10012945251
We estimate the life-cycle profile of stock market participation and risky portfolio share. We address the classical identification problem by running the estimations in first differences, which allows us to estimate the age profiles without making any assumptions on time or cohort effects. We...
Persistent link: https://www.econbiz.de/10013238182
This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on financial behavior. We find that private...
Persistent link: https://www.econbiz.de/10012223798
Persistent link: https://www.econbiz.de/10013209632
Persistent link: https://www.econbiz.de/10011908012
We study the effects of broadband internet use on the investment decisions of individual investors. A public program in Norway provides plausibly exogenous variation in internet use. Our instrumental variables estimates show that internet use causes a substantial increase in stock market...
Persistent link: https://www.econbiz.de/10013492506