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personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the Dutch Central Bank Household Survey (DHS). Our … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
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This paper shows that individual beliefs on the effectiveness of formal and informal sources of risk sharing determine financial precautionary behavior. We present empirical evidence demonstrating that higher trust in public insurance systems reduces net liquid wealth while higher trust in...
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composition of household savings? Using unique survey data for ten emerging market economies in Central, Eastern and Southeastern … a significant determinant of household saving behavior? How does trust in different financial institutions affect the … Europe, we show that trust in the financial system increases the probability of holding formal savings and the …
Persistent link: https://www.econbiz.de/10012949337
personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the Dutch Central Bank Household Survey (DHS). Our … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10012461319