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We examine the relationship between financial knowledge and long-term financial planning behavior. This analysis is important in light of the recent financial crisis and the current level of economic uncertainty. Survey responses from U.S. households are analyzed using analysis of variance,...
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This chapter provides an overview of household finance. The first part summarizes key facts regarding household … patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The … second part addresses interventions that firms, governments, and other parties deploy to shape household financial outcomes …
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This study aims to determine the factors that affect financial literacy in Japan using data from Osaka University's Preference Parameter Study in Japan. We examined fourteen variables covering respondents' demographic, socio-economic, and psychological backgrounds drawn from social learning,...
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This article reviews the literature on international comparative household finance. It presents summary statistics on … household balance sheets for 13 developed countries and uses these statistics to discuss common features and contrasts across … countries. It then discusses retirement savings, investments in risky assets, unsecured debt, and mortgages …
Persistent link: https://www.econbiz.de/10012979165
This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and … contrasts across countries. The paper then discusses retirement savings, investments in risky assets, unsecured debt, and …
Persistent link: https://www.econbiz.de/10013004001