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financial literacy. It, therefore, follows that programs to foster financial knowledge among households should be targeted at …
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to estimate effects of exposure to financially literate neighbors on household financial behavior. The paper contributes … point strongly to transfer of knowledge rather than mere imitation. They are relevant both for financial education and for …
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of causal impact of exposure and of a social multiplier of financial knowledge, but also of unfavorable distributional ….Findings point to transfer of knowledge rather than mere imitation or effects through labor, education, or mobility channels. …
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The hypothesis that people with more financial literacy make better financial decisions and show positive financial behaviors is crucial for more than one stakeholder. A weak connection between financial literacy and financial behaviors jeopardizes the opportunity to invest in financial...
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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...
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data from the 2005 wave of the DNB Dutch Household Survey that provides us with detailed portfolio data of 257 investors …-perceptions in household financial decision-making. …
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