Gender- and education-related effects of financial literacy and confidence on financial wealth
By C. Bannier, M. Schwarz. Journal of Economic Psychology, 2018
146 citations recorded by the source corpus.
Abstract This study examines the influence of actual and perceived financial knowledge (i.e., financial literacy and confidence) on financial wealth. We show that consideration of gender and education as moderators helps to uncover intricate effects. Greater financial literacy leads to higher wealth, with higher education strengthening this effect considerably for women, but not so for men. Men’s wealth also rises in confidence, while there is hardly any confidence effect for women. Our results are robust against the employment of different instrumental variables and confidence measures, consideration of one-time wealth effects and mode of financial decision making.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/0ebb4548713238df5ec7113db2d38cfc8f619a7f
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Citations in the corpus
- An integrated model of financial well-being: The role of financial behavior (2021, background): “Thus, they could use financial knowledge to improve their financial well-being (Bannier & Schwarz, 2018; Brüggen et al., 2017; Gerrans et al., 2014).”