) 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 variables and their effects on wealth: As financial literacy rises … become strongly underconfident with higher education, while men remain overconfident. Regarding wealth accumulation, we show …

household wealth lead to a greater tendency to hold and manage risky assets. Our decomposition analysis also shows that the gap … Korea relative to the United States. Our comparative analysis, using macro-level and harmonized longitudinal household … individual management of risky financial portfolios. We find that educational and health attainments of household heads and …