Optimal Financial Knowledge and Wealth Inequality

By Anna Lusardi, Pierre-Carl Michaud, Olivia S. Mitchell. Journal of Political Economy, 2017

707 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/0a7552222268383f0b8b2535ad85b1257f28b697

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Citations in the corpus

Financial Literacy, Confidence and Financial Advice Seeking (2016, background): “Lusardi, Michaud, and Mitchell (2013) tate that some degree of financial ignorance may be optimal.”
Debt and Financial Vulnerability on the Verge of Retirement (2019, background): “This finding complements our recent analysis which found that financial literacy can explain 30–40% of wealth inequality (Lusardi, Michaud, and Mitchell, 2017).”
Understanding Tax Policy: How Do People Reason? (2020, background): “(2013) for a review, as well as Lusardi and Mitchell (2017) and Lusardi et al. (2017) among others).”
Financial Inclusion, Financial Literacy and Economically Vulnerable Populations in the Middle East and North Africa (2019, positive): “One of the key tools identified in the research to bring economically vulnerable populations into the financial mainstream has been financial literacy (Lusardi, Michaud, and Mitchell 2017; Lyons, Chang, and Scherpf 2006; Lyons, Grable, and Zeng 2017a; Lyons and Scherpf 2004).”
What determines financial literacy in Japan? (2019, neutral): “The intertemporal models of financial literacy proposed by Lusardi et al. (2017) and Jappelli and Padula (2013) argue that financial literacy changes over people’s life cycle.”
Fearless Woman: Financial Literacy and Stock Market Participation (2021, positive): “Financial literacy can itself be endogenous and dependent on wealth, including stock market wealth (see Lusardi, Michaud, and Mitchell 2017).”
Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa (2020, positive): “…from households in the United States or Europe to investigate savings, investment, and retirement planning behaviors (Jappelli & Padula, 2013; Lusardi, Michaud, & Mitchell, 2017; Lusardi & Mitchell, 2014; Stolper & Walter, 2017; Van Rooij, Lusardi, & Alessie, 2011; von Gaudecker, 2015) or…”
Financial literacy, financial advice, and financial behavior (2017, background): “While this review focuses on the empirics of financial literacy research, the body of literature on individuals’ financial knowledge and abilities also comprises important theoretical work (e.g. Delavande et al. 2008; Jappelli and Padula 2013, 2015; Lusardi et al. 2013).”
Financial Literacy and Portfolio Dynamics (2016, positive): “Including these dimensions is in line with approaches to nancial literacy as a human capital investment (Lusardi et al. (2017)), and it seems particularly important in our setting, which focuses on portfolio dynamics.”
Financial literacy and retirement planning in Canada* (2014, neutral): “One framework used to conceptualize financial literacy is described in Lusardi et al. (2013).”
Entrepreneurial spirits in women and men. The role of financial literacy and digital skills (2019, background): “Previous literature has documented a strong association between financial literacy and households’ financial decision-making, such as wealth accumulation, retirement planning (Bucher-Koenen and Lusardi, 2011; Lusardi and Mitchell, 2007a, 2011a,b; Lusardi et al., 2017; Van Rooij et al., 2012), invest”
Teaching teenagers in finance: does it work? (2015, background): “This is quantified in Lusardi et al. (2013) who study investment into financial knowledge in a dynamic life cycle model.”