Advanced Search
MyIDEAS: Login to save this paper or follow this series

Financial Literacy und Anlegerverhalten

Contents:

Author Info

  • Glaser, Markus

    ()
    (Sonderforschungsbereich 504)

  • Weber, Martin

    ()
    (Lehrstuhl für ABWL, Finanzwirtschaft, insb. Bankbetriebslehre)

Registered author(s):

    Abstract

    Increasingly, individuals are in charge of their own financial security and are confronted with complex financial instruments. Individuals are supposed, by numerous reforms launched in particular over the last decade, to ever more provide on their own for their protection against potential mishaps or vulnerabilities. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. The required level of financial literacy, enabling consumers to face those tasks, however, appears to be lacking. In this survey article, we focus on the link between financial literacy and investor behavior. We first discuss typical biases in investor behavior. We then show how financial literacy is measured in the literature. In a final step, we present studies which analyze whether a higher degree of financial literacy improves decisions. We thereby also discuss related fields of literature which deal with the effects of expertise and financial advice.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Paper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 08-23.

    as in new window
    Length: 23 pages
    Date of creation: 18 Nov 2008
    Date of revision:
    Handle: RePEc:xrs:sfbmaa:08-23

    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
    Contact details of provider:
    Postal: D-68131 Mannheim
    Phone: (49) (0) 621-292-2547
    Fax: (49) (0) 621-292-5594
    Email:
    Web page: http://www.sfb504.uni-mannheim.de/
    More information through EDIRC

    Web page: http://www.sfb504.uni-mannheim.de

    Order Information:
    Email:

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:xrs:sfbmaa:08-23. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carsten Schmidt).

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.