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We examine to what extent (aspects of) national culture can explain cross-country variations in financial literacy. Our results, for a sample of 92 countries, show that Hofstede's dimensions of power distance and individualism explain, respectively, over 40 and 60 per cent – which is...
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Somatic distance, or differences in physical appearance, proves to be extremely important in the gravity model of bilateral trade in conformity with results in other areas of economics and outside of it in the social sciences. This is also true quite independently of survey evidence about...
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This paper examines the effect of national culture on adult financial literacy levels in 12 countries. Contrary to earlier financial literacy studies, our results are directly comparable across countries given that we use the standardized OECD/INFE financial literacy survey data and Hofstede's,...
Persistent link: https://www.econbiz.de/10012822492
migrants arrive. Thus, it is increasingly important to consider what role differences in culture and language play in migration … decisions. Recent work shows that culture and language may explain migration patterns to developed countries even better than … in culture and language may create barriers that prevent the full realization of the potential economic gains from …
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