When more is less in financial decision-making: financial literacy magnifies framing effects
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DOI: 10.1007/s00426-020-01372-7
Abstract: In recent years, the financial world has become more complex and intricate. In this context, numeracy and, particularly, financial literacy, are seen as paramount in providing consumers with the knowledge and confidence required to take… read more here.
Keywords: decision making; making financial; framing effects; financial literacy ... See more keywords
Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning
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DOI: 10.1007/s10834-021-09769-1
Abstract: This study investigated whether overconfidence with respect to one’s financial literacy affects stock market participation and retirement preparation and if so, how. Using an effective sample of 12,653 Japanese individuals, the empirical results confirm that… read more here.
Keywords: literacy; participation retirement; financial literacy; market participation ... See more keywords
Financial Literacy and Gambling Behavior: Evidence from Japan
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DOI: 10.1007/s10899-020-09936-3
Abstract: According to a survey by Japan’s Ministry of Health, Labor, and Welfare in 2017, 3.6% of Japanese adults—equivalent to about 3.2 million people—have suffered from problem gambling at some point in their lifetime. This study… read more here.
Keywords: literacy gambling; japan; financial literacy; literacy ... See more keywords
Financial literacy, financial advice, and financial behavior
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DOI: 10.1007/s11573-017-0853-9
Abstract: AbstractIn 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 recent descriptive evidence of German households’ financial literacy levels… read more here.
Keywords: financial behavior; literacy financial; financial advice; financial literacy ... See more keywords
Towards more sustainable debt attitudes and behaviors: the importance of basic economic skills
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DOI: 10.1007/s11573-017-0854-8
Abstract: This research builds on the idea that debt-related financial distress faced by an individual results primarily from the inability to understand and apply fundamental economic concepts to debt decisions rather than from a lack of… read more here.
Keywords: basic economic; attitudes behaviors; debt attitudes; financial literacy ... See more keywords
Associations of health and financial literacy with mortality in advanced age
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DOI: 10.1007/s40520-019-01259-7
Abstract: Background Health and financial literacy are central to older adults’ well-being and financial standing, but the relation of literacy with mortality in advanced age remains unclear. Aims To determine whether lower literacy, as reflected in… read more here.
Keywords: age; mortality; financial literacy; literacy ... See more keywords
Financial literacy and its influence on internet banking behavior
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DOI: 10.1016/j.emj.2020.12.001
Abstract: Abstract This paper presents the survey results for financial literacy among Cypriot adults and reports their financial aptitude and behaviour. Additionally, it investigates for the first time the implications of financial literacy on respondents’ usage… read more here.
Keywords: literacy influence; influence internet; banking; financial literacy ... See more keywords
A spatial-temporal analysis of financial literacy in United States of America
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DOI: 10.1016/j.frl.2017.12.003
Abstract: Most existing studies on the regional distribution of financial literacy overlook the cross-regional variation over time and its determinants. Therefore, this paper chooses spatial Durbin model with panel data to account for spatial dependence of… read more here.
Keywords: analysis financial; temporal analysis; spatial temporal; financial literacy ... See more keywords
Does financial literacy mitigate gender differences in investment behavioral bias?
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DOI: 10.1016/j.frl.2020.101789
Abstract: Abstract This study investigates gender differences in a number of behavioral biases using an online survey of individual investors aged eighteen and over, each of whom has at least one year of stock trading experience… read more here.
Keywords: literacy mitigate; gender differences; behavioral bias; financial literacy ... See more keywords
Financial Literacy, Present Bias and Alternative Mortgage Products
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DOI: 10.1016/j.jbankfin.2017.01.022
Abstract: Choosing a mortgage is one of the most important financial decisions made by a household. Financial innovation has given rise to more complex mortgage products with back-loaded payments, known as ‘Alternative Mortgage Products’ (AMPs), or… read more here.
Keywords: mortgage; literacy present; present bias; mortgage products ... See more keywords
Financial literacy and family communication patterns
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DOI: 10.1016/j.jbef.2018.05.001
Abstract: Abstract Financial literacy has been shown to affect a wide range of financial behavior; therefore, understanding methods to improve financial literacy is vital for improving financial outcomes in personal finance. However, efforts to increase financial… read more here.
Keywords: literacy; family communication; finance; financial literacy ... See more keywords