Exploring differences in financial literacy across countries: the role of individual characteristics and institutions
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Andrej Cupák & Pirmin Fessler & Maria Silgoner & Elisabeth Ulbrich, 2021. "Exploring Differences in Financial Literacy Across Countries: The Role of Individual Characteristics and Institutions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(2), pages 409-438, December.
References listed on IDEAS
- Dimitris Christelis & Dimitris Georgarakos & Michael Haliassos, 2013.
"Differences in Portfolios across Countries: Economic Environment versus Household Characteristics,"
The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 220-236, March.
- Michael, Haliassos & Dimitris, Christelis & Dimitris, Georgarakos, 2010. "Differences in Portfolios across Countries: Economic Environment versus Household Characteristics," MEA discussion paper series 10204, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Haliassos, Michael & Georgarakos, Dimitris, 2010. "Differences in Portfolios across Countries: Economic Environment versus Household Characteristics," CEPR Discussion Papers 8017, C.E.P.R. Discussion Papers.
- Fortin, Nicole & Lemieux, Thomas & Firpo, Sergio, 2011.
"Decomposition Methods in Economics,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 1, pages 1-102,
Elsevier.
- Nicole Fortin & Thomas Lemieux & Sergio Firpo, 2010. "Decomposition Methods in Economics," NBER Working Papers 16045, National Bureau of Economic Research, Inc.
- Pavel Ciaian & Jan Pokrivcak, 2005. "Why Some Sectors of Transition Economies are less Reformed than Others? The Case of Research and Education," EERI Research Paper Series EERI_RP_2005_02, Economics and Econometrics Research Institute (EERI), Brussels.
- Tullio Jappelli, 2010.
"Economic Literacy: An International Comparison,"
Economic Journal, Royal Economic Society, vol. 120(548), pages 429-451, November.
- Tullio Jappelli, 2009. "Economic Literacy: An International Comparison," CSEF Working Papers 238, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Jappelli, Tullio, 2010. "Economic literacy: An international comparison," CFS Working Paper Series 2010/16, Center for Financial Studies (CFS).
- Daniel Fernandes & John G. Lynch & Richard G. Netemeyer, 2014. "Financial Literacy, Financial Education, and Downstream Financial Behaviors," Management Science, INFORMS, vol. 60(8), pages 1861-1883, August.
- José A. F. Machado & José Mata, 2005.
"Counterfactual decomposition of changes in wage distributions using quantile regression,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(4), pages 445-465, May.
- José Mata & José A. F. Machado, 2005. "Counterfactual decomposition of changes in wage distributions using quantile regression," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(4), pages 445-465.
- Olympia Bover & Martin Schürz & Jiri Slacalek & Federica Teppa, 2016. "Eurosystem Household Finance and Consumption Survey: Main Results on Assets, Debt, and Saving," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 1-13, June.
- Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2017.
"Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics,"
Journal of Housing Economics, Elsevier, vol. 35(C), pages 1-12.
- Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2014. "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," MEA discussion paper series 201412, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Mathä, Thomas Y. & Ziegelmeyer, Michael & Porpiglia, Alessandro, 2014. "Household wealth in the euro area: the importance of intergenerational transfers, homeownership and house price dynamics," Working Paper Series 1690, European Central Bank.
- Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," BCL working papers 91, Central Bank of Luxembourg.
- Adele Atkinson & Flore-Anne Messy, 2011. "Assessing financial literacy in 12 countries: an OECD Pilot Exercise," CeRP Working Papers 115, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Alan S. Blinder, 1973. "Wage Discrimination: Reduced Form and Structural Estimates," Journal of Human Resources, University of Wisconsin Press, vol. 8(4), pages 436-455.
- Raquel Fonseca & Kathleen J. Mullen & Gema Zamarro & Julie Zissimopoulos, 2012.
"What Explains the Gender Gap in Financial Literacy? The Role of Household Decision Making,"
Journal of Consumer Affairs, Wiley Blackwell, vol. 46(1), pages 90-106, March.
- Raquel Fonseca Benito & Kathleen J. Mullen & Gema Zamarro & Julie Zissimopoulos, 2010. "What Explains the Gender Gap in Financial Literacy? The Role of Household Decision-Making," Working Papers WR-762, RAND Corporation.
- Lusardi, Annamaria & Mitchell, Olivia S., 2011.
"Financial literacy around the world: an overview,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(4), pages 497-508, October.
- Annamaria Lusardi & Olivia S. Mitchell, 2011. "Financial Literacy Around the World: An Overview," CeRP Working Papers 106, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Olivia S. Mitchell, 2011. "Financial Literacy around the World: An Overview," NBER Working Papers 17107, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Szilárd Heged?s & Csaba Lentner, 2024. "Examining financial literacy and the financial aspects of Hofstede's four-factor culture model in Hungary," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 19(1), pages 1-20, Enero - M.
- Andrej Cupak & Pirmin Fessler & Maria Antoinette Silgoner & Elisabeth Ulbrich, 2018. "Financial literacy in Austria: a survey of recent research results," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1/18, pages 14-26.
- Raquel Fonseca & Simon Lord, 2020.
"Canadian Gender Gap in Financial Literacy: Confidence Matters,"
Hacienda Pública Española / Review of Public Economics, IEF, vol. 235(4), pages 153-182, December.
- Raquel Fonseca & Simon Lord, 2019. "Canadian Gender Gap in Financial Literacy: Confidence Matters," CIRANO Working Papers 2019s-34, CIRANO.
- Raquel Fonseca & Simon Lord, 2019. "Canadian Gender Gap in Financial Literacy: Confidence Matters," Cahiers de recherche / Working Papers 1905, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
- Nicole Jonker & Anneke Kosse, 2020.
"The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?,"
Staff Working Papers
20-32, Bank of Canada.
- Nicole Jonker & Anneke Kosse, 2020. "The interplay of financial education, financial literacy, financial inclusion and financial, stability: Any lessons for the current Big Tech era?," Working Papers 692, DNB.
- Muhammad Hussain & Farzan Yahya & Muhammad Waqas, 2021. "Does strong governance stimulate the effect of economic freedom and financial literacy on financial inclusion? a cross-country evidence," Future Business Journal, Springer, vol. 7(1), pages 1-10, December.
- Nicole Jonker & Anneke Kosse, 2022. "The interplay of financial education, financial inclusion and financial stability and the role of Big Tech," Contemporary Economic Policy, Western Economic Association International, vol. 40(4), pages 612-635, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Andrej Cupak & Pirmin Fessler & Maria Silgoner & Elisabeth Ulbrich, 2018. "Financial literacy gaps across countries: the role of individual characteristics and institutions," Working and Discussion Papers WP 2/2018, Research Department, National Bank of Slovakia.
- Zuzana Brokesova & Andrej Cupak & Gueorgui Kolev, 2017. "Financial literacy and voluntary savings for retirement in Slovakia," Working and Discussion Papers WP 10/2017, Research Department, National Bank of Slovakia.
- Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014.
"Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys,"
BCL working papers
90, Central Bank of Luxembourg.
- Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2014. "Wealth differences across borders and the of real effect estate price dynamics: Evidence from two household surveys," MEA discussion paper series 201411, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Dimitris Christelis & Michael Ehrmann & Dimitris Georgarakos, 2021.
"Exploring Differences in Household Debt across the United States and Euro Area Countries,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(2-3), pages 477-501, March.
- Dimitris Christelis & Michael Ehrmann & Dimitris Georgarakos, 2017. "Exploring Differences in Household Debt Across the United States and Euro Area Countries," CSEF Working Papers 465, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Ehrmann, Michael & Christelis, Dimitris & Georgarakos, Dimitris, 2020. "Exploring Differences in Household Debt Across the United States and Euro Area Countries," CEPR Discussion Papers 15368, C.E.P.R. Discussion Papers.
- Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2017.
"Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics,"
Journal of Housing Economics, Elsevier, vol. 35(C), pages 1-12.
- Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2014. "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," MEA discussion paper series 201412, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Mathä, Thomas Y. & Ziegelmeyer, Michael & Porpiglia, Alessandro, 2014. "Household wealth in the euro area: the importance of intergenerational transfers, homeownership and house price dynamics," Working Paper Series 1690, European Central Bank.
- Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," BCL working papers 91, Central Bank of Luxembourg.
- Andrej Cupak & Pirmin Fessler & Maria Antoinette Silgoner & Elisabeth Ulbrich, 2018. "Financial literacy in Austria: a survey of recent research results," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1/18, pages 14-26.
- Annamaria Lusardi & Olivia S. Mitchell, 2014.
"The Economic Importance of Financial Literacy: Theory and Evidence,"
Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," NBER Working Papers 18952, National Bureau of Economic Research, Inc.
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," CeRP Working Papers 134, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
- repec:mea:meawpa:14282 is not listed on IDEAS
- Angela Hung & Joanne Yoong & Elizabeth Brown, 2012. "Empowering Women Through Financial Awareness and Education," OECD Working Papers on Finance, Insurance and Private Pensions 14, OECD Publishing.
- Nolan, Anne & Doorley, Karina, 2019. "Financial Literacy and Preparation for Retirement," IZA Discussion Papers 12187, Institute of Labor Economics (IZA).
- Dimitris Christelis & Michael Ehrmann & Dimitris Georgarakos, 2015. "Exploring Differences in Household Debt Across Euro Area Countries and the United States," Staff Working Papers 15-16, Bank of Canada.
- Justus Blaschke, 2022. "Gender differences in financial literacy among teenagers - Can confidence bridge the gap?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2144328-214, December.
- Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2018.
"Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys,"
Journal of Income Distribution, Ad libros publications inc., vol. 26(1), pages 1-35, March.
- Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," BCL working papers 90, Central Bank of Luxembourg.
- Mathä, Thomas Y. & Ziegelmeyer, Michael & Porpiglia, Alessandro, 2014. "Wealth differences across borders and the effect of real estate price dynamics: evidence from two household surveys," Working Paper Series 1672, European Central Bank.
- Marcin Wroński, 2022. "Household wealth in Central and Eastern Europe Explaining the wealth gap between Poland and Hungary," Bank i Kredyt, Narodowy Bank Polski, vol. 53(5), pages 443-474.
- Tabea Bucher†Koenen & Bettina Lamla†Dietrich, 2018. "The Long Shadow of Socialism: Puzzling Evidence on East†West German Differences in Financial Literacy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(2-3), pages 413-438, July.
- repec:jid:journl:y:2018:v:26:i:3:p:15-49 is not listed on IDEAS
- Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frédérique Savignac & Tobias Schmidt & Martin Schürz & Philip Vermeulen, 2016.
"How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey,"
International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 129-220, June.
- Arrondel, Luc & Bartiloro, Laura & Fessler, Primin & Lindner, Peter & Mathä, Thomas Y. & Rampazzi, Cristiana & Savignac, Frederique & Schmidt, Tobias & Schürz, Martin & Vermeulen, Philip, 2014. "How do households allocate their assets? Stylized facts from the eurosystem household finance and consumption survey," Discussion Papers 12/2014, Deutsche Bundesbank.
- Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frédérique Savignac & Tobias Schmidt & Martin Schurz & Philip Vermeulen, 2016. "How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey," PSE-Ecole d'économie de Paris (Postprint) halshs-01379262, HAL.
- Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frederique Savignac & Tobias Schmidt & Martin Schürz & Philip Vermeulen, 2014. "How do households allocate their assets? Stylised facts from the Eurosystem Household Finance and Consumption Survey," BCL working papers 94, Central Bank of Luxembourg.
- L. Arrondel & L. Bartiloro & P. Linder & T. Y. Mathä & C. Rampazzi & F. Savignac & T. Schmidt & M. Schürz & P. Vermeulen, 2014. "How do households allocate their assets? Stylised facts from the Eurosystem Household Finance and Consumption Survey," Working papers 504, Banque de France.
- Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frédérique Savignac & Tobias Schmidt & Martin Schurz & Philip Vermeulen, 2016. "How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey," Post-Print halshs-01379262, HAL.
- Mathä, Thomas Y. & Savignac, Frédérique & Vermeulen, Philip & Schmidt, Tobias & Bartiloro, Laura & Fessler, Pirmin & Lindner, Peter & Schürz, Martin & Arrondel, Luc & Rampazzi, Cristiana, 2014. "How do households allocate their assets? Stylised facts from the Eurosystem household finance and consumption survey," Working Paper Series 1722, European Central Bank.
- Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frédérique Savignac & Tobias Schmidt & Martin Schurz & Philip Vermeulen, 2016. "How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01379262, HAL.
- Valentine Fays & Benoît Mahy & François Rycx, 2023.
"Wage differences according to workers' origin: The role of working more upstream in GVCs,"
LABOUR, CEIS, vol. 37(2), pages 319-342, June.
- Valentine Fays & Benoit Mahy & François Rycx, 2021. "Wage Differences According to Workers’ Origin: The Role of Working More Upstream in GVCs," Working Papers CEB 21-016, ULB -- Universite Libre de Bruxelles.
- Fays, Valentine & Mahy, Benoît & Rycx, François, 2021. "Wage Differences According to Workers' Origin: The Role of Working More Upstream in GVCs," GLO Discussion Paper Series 918, Global Labor Organization (GLO).
- Valentine Fays & Benoît Mahy & François Rycx, 2021. "Wage Differences According to Workers’ Origin: The Role of Working More Upstream in GVCs," LIDAM Discussion Papers IRES 2021022, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 28 Aug 2021.
- Fays, Valentine & Mahy, Benoît & Rycx, François, 2021. "Wage Differences According to Workers' Origin: The Role of Working More Upstream in GVCs," IZA Discussion Papers 14696, Institute of Labor Economics (IZA).
- Nathan Blascak & Anna Tranfaglia, 2021.
"Decomposing Gender Differences in Bankcard Credit Limits,"
Working Papers
21-35, Federal Reserve Bank of Philadelphia.
- Nathan Blascak & Anna Tranfaglia, 2021. "Decomposing Gender Differences in Bankcard Credit Limits," Finance and Economics Discussion Series 2021-072, Board of Governors of the Federal Reserve System (U.S.).
- Nathan Blascak & Anna Tranfaglia, 2023. "Decomposing Gender Differences in Bankcard Credit Limits," Working Papers 23-30, Federal Reserve Bank of Philadelphia.
- Töpfer, Marina, 2017. "Detailed RIF decomposition with selection: The gender pay gap in Italy," Hohenheim Discussion Papers in Business, Economics and Social Sciences 26-2017, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
- Sergio Longobardi & Margherita Maria Pagliuca & Andrea Regoli, 2018. "Can problem-solving attitudes explain the gender gap in financial literacy? Evidence from Italian students’ data," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(4), pages 1677-1705, July.
More about this item
Keywords
financial literacy gaps; inequality; decomposition analysis; counterfactual methods; personal finance; survey data;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- I20 - Health, Education, and Welfare - - Education - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbwp:220. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Markus Knell (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.