IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2405.01078.html
   My bibliography  Save this paper

Does Financial Literacy Impact Investment Participation and Retirement Planning in Japan?

Author

Listed:
  • Yi Jiang
  • Shohei Shimizu

Abstract

By employing causal discovery method, the Fast Causal Inference (FCI) model to analyze data from the 2022 "Financial Literacy Survey," we explore the causal relationships between financial literacy and financial activities, specifically investment participation and retirement planning. Our findings indicate that increasing financial literacy may not directly boost engagement in financial investments or retirement planning in Japan, which underscores the necessity for alternative strategies to motivate financial activities among Japanese households. This research offers valuable insights for policymakers focused on improving financial well-being by advancing the use of causal discovery algorithms in understanding financial behaviors.

Suggested Citation

  • Yi Jiang & Shohei Shimizu, 2024. "Does Financial Literacy Impact Investment Participation and Retirement Planning in Japan?," Papers 2405.01078, arXiv.org.
    • Handle: RePEc:arx:papers:2405.01078
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2405.01078
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:arx:papers:2405.01078. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.