Childhood roots of financial literacy
- Publisher: Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
Financial literacy, financial behavior, family background, education, numeracy | education | D14 | G11 | I20 | financial literacy | family background | financial behavior | numeracy
Financial literacy predicts informed financial decisions, but what explains financial literacy? We use the concept of financial socialization and aim to represent three major agents of financial socialization: family, school and work. Thus we compile twelve relevant chi...