Childhood roots of financial literacy

Research, Preprint English OPEN
Grohmann, Antonia ; Kouwenberg, Roy ; Menkhoff, Lukas (2015)
  • Publisher: Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
  • Subject: Financial literacy, financial behavior, family background, education, numeracy | education | D14 | G11 | I20 | financial literacy | family background | financial behavior | numeracy
    • jel: jel:D14 | jel:G11 | jel:I20
      ddc: ddc:330

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... View more
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