We document strikingly similar gender differences in financial literacy across countries. When asked to answer questions that measure knowledge of basic financial concepts …
Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. Our survey experiment shows that women tend to …
J Yang, Y Wu, B Huang - Journal of Banking & Finance, 2023 - Elsevier
We measure financial literacy and study its impact on household use of digital finance using the 2015 and 2017 China Household Finance Survey. We find that financial literacy …
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study …
To improve our understanding of how people make financial decisions, it is important to investigate what psychological characteristics influence individuals' positive financial …
In this survey, we review the voluminous body of literature on the measurement and the determinants of financial literacy. Wherever possible, we supplement existing findings with …
T Kaiser, L Menkhoff - The World Bank Economic Review, 2017 - academic.oup.com
In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy …
A Grohmann - Pacific-Basin Finance Journal, 2018 - Elsevier
This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in …
K Skagerlund, T Lind, C Strömbäck, G Tinghög… - Journal of behavioral …, 2018 - Elsevier
Being financially literate is an important life skill that is equally important for one's own sake as well as for society. Findings indicate that individuals are financially illiterate while …