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Investment in financial literacy, social security and portfolio choice
Jappelli, Tullio; Padula, Mario - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10010200795
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Investment in financial literacy, social security and portfolio choice
Jappelli, Tullio; Padula, Mario - Center for Financial Studies - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10010958759
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Investment in Financial Literacy, Social Security and Portfolio Choice
Jappelli, Tullio; Padula, Mario - Centro Studi di Economia e Finanza (CSEF) - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10011165977
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that … ordinary least squares estimates underestate the impact of financial literacy on saving. …
Persistent link: https://www.econbiz.de/10010308561
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that … ordinary least squares estimates underestate the impact of financial literacy on saving. -- Financial Literacy ; Cognitive … Abilities ; Human Capital ; Saving …
Persistent link: https://www.econbiz.de/10008856384
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - Center for Financial Studies - 2011
aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that … ordinary least squares estimates underestate the impact of financial literacy on saving. …
Persistent link: https://www.econbiz.de/10010958490
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - In: Journal of Banking & Finance 37 (2013) 8, pp. 2779-2792
the analysis of the effect of financial literacy on wealth and saving and indicates that the stock of financial literacy …
Persistent link: https://www.econbiz.de/10010679260
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Investment in Financial Literacy and Saving Decisions
Jappelli, Tullio; Padula, Mario - Centro Studi di Economia e Finanza (CSEF) - 2011
aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that … ordinary least squares estimates underestate the impact of financial literacy on saving. …
Persistent link: https://www.econbiz.de/10008804720
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Consumption Growth, the Interest Rate, and Financial Literacy
Jappelli, Tullio; Padula, Mario - Centro Studi di Economia e Finanza (CSEF) - 2013
with direct evidence on the link between financial literacy and the return to saving. …
Persistent link: https://www.econbiz.de/10010800996
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Consumption Growth, the Interest Rate, and Financial Literacy
Jappelli, Tullio; Padula, Mario - C.E.P.R. Discussion Papers - 2013
results with direct evidence on the link between financial literacy and return on saving. …
Persistent link: https://www.econbiz.de/10011084488