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Financial Literacy, Pension Planning, and Investment Behavior - A Comparative Study between Austria and Switzerland
Aubram, Tatjana - 2016
This paper analyzes the impacts of financial literacy on the investment and pension planning behavior in Austria and … Switzerland. Based on survey data of 449 individuals from Austria and Switzerland, we first analyze which socio-demographic and … show a higher level of financial literacy in Switzerland compared to Austria, and the difference is even larger for the …
Persistent link: https://www.econbiz.de/10012983823
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Financial Literacy and Pension Planning – A Comparative Study for Austria and Switzerland
Aubram, Tatjana - 2017
This paper analyzes the impacts of financial literacy on pension planning in Austria and Switzerland. Based on survey …
Persistent link: https://www.econbiz.de/10012966513
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Explanations or advice : the impact of financial literacy on information acquisition behavior
Sprenger, Julia - 2016
The current study examines individual decision making in the fi eld of personal finance. How do people arrive at a financial decision? A laboratory experiment investigates the way external information is integrated into the decision making process. The objective is to explore the link between...
Persistent link: https://www.econbiz.de/10011514485
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What determines financial literacy in Japan?
Kadoya, Yoshihiko; Khan, Mostafa Saidur Rahim - 2016
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,...
Persistent link: https://www.econbiz.de/10011548870
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Financial Advice : A Substitute for Financial Literacy?
Collins, J. Michael - 2014
A lack of financial literacy can hamper the ability of individuals to make well-informed financial decisions. For people who exhibit problems with financial decision making, financial advice has the potential to serve as a substitute for financial knowledge and capability. However, data from the...
Persistent link: https://www.econbiz.de/10013066206
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Risk Tolerance and Goals-Based Savings Behavior of Households : The Role of Financial Literacy
Chatterjee, Swarn - 2017
This study uses a national dataset to examine the association among risk tolerance, financial literacy, and goals-based savings behavior of households. The results indicate that three out of five households do not have any emergency funds set aside, and about half the households have not...
Persistent link: https://www.econbiz.de/10012962957
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Financial Advice Seeking, Financial Knowledge and Overconfidence. Evidence from the Italian Market
Gentile, Monica - 2016
This paper investigates the relationship between the propensity to seek for professional advice, financial knowledge and overconfidence, as well as the determinants of financial knowledge and overconfidence for a representative sample of Italian financial decision makers. The demand for...
Persistent link: https://www.econbiz.de/10012987791
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Financial disclosure and market transparency with costly information processing
Di Maggio, Marco; Pagano, Marco - 2014
We study a model where some investors ("hedgers") are bad at information processing, while others ("speculators") have superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade externality: if speculators refrain from trading,...
Persistent link: https://www.econbiz.de/10010424992
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The Impact of Abnormal News Sentiment on Financial Markets
Yang, Steve Y. - 2015
News sentiment has been empirically observed to have impact on financial market. However, finding a clear predictor of market returns using news sentiment remains a challenging task. This study investigates the relationship between news sentiment and cumulative market returns and volatility. We...
Persistent link: https://www.econbiz.de/10013024019
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Credit counseling : a substitute for consumer financial literacy?
Disney, Richard; Gathergood, John; Weber, Jörg - 2014
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...
Persistent link: https://www.econbiz.de/10010429152