| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28125 |
| 来源ID | Working Paper 28125 |
| The Stability and Predictive Power of Financial Literacy: Evidence from Longitudinal Data | |
| Marco Angrisani; Jeremy Burke; Annamaria Lusardi; Gary Mottola | |
| 发表日期 | 2020-11-23 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We administered the FINRA Foundation’s National Financial Capability Study questionnaire to members of the RAND American Life Panel (ALP) in 2012 and 2018. Using this unique, longitudinal data set, we investigate the evolution of financial literacy over time and shed light on the causal effect of financial knowledge on financial outcomes. Over a six-year observation period, financial literacy appears to be rather stable, with a slight tendency to decline at older ages. Moreover and importantly, financial literacy has significant predictive power for future financial outcomes, even after controlling for baseline outcomes and a wide set of demographics and individual characteristics that influence financial decision making. This estimated relationship is significantly stronger for older individuals, for women, and for those with lower income than for their counterparts in the study. Altogether, our findings suggest that differences in the stock of financial knowledge may lead to increasing inequality over the life course. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics |
| URL | https://www.nber.org/papers/w28125 |
| 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/585799 |
| 推荐引用方式 GB/T 7714 | Marco Angrisani,Jeremy Burke,Annamaria Lusardi,et al. The Stability and Predictive Power of Financial Literacy: Evidence from Longitudinal Data. 2020. |
| 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 | ||
| w28125.pdf（251KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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