In an increasingly risky and globalized marketplace, people must be able to make well-
informed financial decisions. New international research demonstrates that financial …

This paper reviews what we have learned over the past decade about financial literacy and
its relationship to financial decision-making around the world. Using three questions, we …

We measure financial literacy using questions assessing basic knowledge of four
fundamental concepts in financial decision making: knowledge of interest rates, interest …

This paper undertakes an assessment of a rapidly growing body of economic research on
financial literacy. We start with an overview of theoretical research, which casts financial …

We show that financial knowledge is a key determinant of wealth inequality in a stochastic
life cycle model with endogenous financial knowledge accumulation, where financial …

We examine financial literacy in the US using the new National Financial Capability Study,
wherein we demonstrate that financial literacy is particularly low among the young, women …

This paper examines the relationship between self-control, financial literacy and over-
indebtedness on consumer credit debt among UK consumers. Lack of self-control and …

This study isolates the causal effects of financial literacy and schooling on wealth
accumulation using a new household dataset and an instrumental variables (IV) approach …

Financial decisions, be they related to asset building or debt management, require the
capacity to do calculations, including some complex ones. But how numerate are …

We use survey data from a sample of UK households to analyse the relationship between
financial literacy and consumer credit portfolios. We show that individuals who borrow on …