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. This paper uses household-level data from the 'experiment' of German reunification that (exogenously) offered to East …-unification participation of former East and West Germans in financial products, controlling for relevant household characteristics. We vary …
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Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...
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the Singapore Life Panel survey to measure financial literacy to study its relationship with three aspects of household …
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perspective of a household's budget, which in the face of a crisis reduces the risk of individuals not paying their liabilities …
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