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This randomized controlled trial examines the effect of a new finance training style during which participants are given personalized feedback on their financial business outcomes in addition to a rule-of-thumb training approach. We compare this with the effects of a rule-of-thumb training by...
Persistent link: https://www.econbiz.de/10014276872
Why do some people make better financial decisions than others do? The level of financial literacy plays an important role: Quality schooling that also deals with financial issues likewise leads to better financial decisions. However, many studies neglect how parenting also influences financial...
Persistent link: https://www.econbiz.de/10011301835
Warum treffen manche Leute bessere finanzielle Entscheidungen als andere? Eine wichtige Rolle spielt dabei das Niveau der Finanzbildung. Eine gute Schulbildung, die sich auch mit wirtschaftlichen Fragestellungen auseinandersetzt, führt ebenfalls zu besseren Finanzentscheidungen. Viele Studien...
Persistent link: https://www.econbiz.de/10011301839
For social and economic reasons, national economies benefit from the inclusion of as many people as possible in financial services. In a cross country study, the present study shows that financial literacy for the general population promotes financial inclusion. This relationship goes beyond the...
Persistent link: https://www.econbiz.de/10011735941
Moderne Gesellschaften profitieren aus sozialen und ökonomischen Gründen von der Teilhabe möglichst aller Menschen an finanziellen Dienstleistungen, das heißt von finanzieller Inklusion. Diese Studie zeigt in einem Ländervergleich, dass durch finanzielle Bildung der Bevölkerung die...
Persistent link: https://www.econbiz.de/10011736314
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...
Persistent link: https://www.econbiz.de/10012287027
This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt taking. We show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German households (German Socio‐Economic Panel–Innovation...
Persistent link: https://www.econbiz.de/10015205384
Does competition affect moral behavior? This fundamental question has been debated among leading scholars for centuries, and more recently, it has been tested in experimental studies yielding a body of rather inconclusive empirical evidence. A potential source of ambivalent empirical results on...
Persistent link: https://www.econbiz.de/10014295193
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Persistent link: https://www.econbiz.de/10011301837