| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16452 |
| 来源ID | Working Paper 16452 |
| Financial Literacy, Schooling, and Wealth Accumulation | |
| Jere R. Behrman; Olivia S. Mitchell; Cindy Soo; David Bravo | |
| 发表日期 | 2010-10-14 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Financial literacy and schooling attainment have been linked to household wealth accumulation. Yet prior findings may be biased due to noisy measures of financial literacy and schooling, as well as unobserved factors such as ability, intelligence, and motivation that could enhance financial literacy and schooling but also directly affect wealth accumulation. We use a new household dataset and an instrumental variables approach to isolate the causal effects of financial literacy and schooling on wealth accumulation. While financial literacy and schooling attainment are both strongly positively associated with wealth outcomes in linear regression models, our approach reveals even stronger and larger effects of financial literacy on wealth. Estimated impacts are substantial enough to suggest that investments in financial literacy could have large positive effects on household wealth accumulation. |
| 主题 | Financial Economics ; Financial Markets ; Financial Institutions ; Health, Education, and Welfare ; Education ; Poverty and Wellbeing ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Labor Compensation |
| URL | https://www.nber.org/papers/w16452 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574126 |
| 推荐引用方式 GB/T 7714 | Jere R. Behrman,Olivia S. Mitchell,Cindy Soo,et al. Financial Literacy, Schooling, and Wealth Accumulation. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16452.pdf（230KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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