Financial Literacy, Information, and Demand Elasticity: Survey and Experimental Evidence from Mexico

By Justine S. Hastings, Lydia Tejeda-Ashton. 2008

317 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/672143fc7cb021c5d220e3524dceff568ddb2c4a

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Citations in the corpus

Financial Literacy and the Demand for Financial Advice (2015, unknown): “For example, Hastings and Tejeda-Ashton (2008) show that financially illiterate individuals face higher costs of interpreting information in an experiment concerning the choice among social security funds in Mexico.”
Financial Literacy and the Financial Crisis (2012, unknown): “Moreover, more literate individuals are more likely to choose mutual funds with lower fees (Hastings and Tejeda-Ashton, 2008; Hastings and Mitchell, 2011).”
Financial literacy and financial behavior: Evidence from the emerging Asian middle class (2018, background): “Levels of financial literacy in emerging markets are lower than in industrialized countries (Hastings and Tejeda-Ashton, 2008; Cole et al., 2011; Klapper and Panos, 2011; Beckmann, 2013), especially in rural areas.”
Sustaining Small and Medium Enterprises through Financial Service Utilization: Does Financial Literacy Matter? (2011, methodology): “A study by Hastings and Tejeda-Ashton (2008) examined the links between investor characteristics such as financial literacy, information format, and”
Financial literacy and its consequences: Evidence from Russia during the financial crisis (2013, background): “Moreover, more literate individuals are more likely to choose mutual funds with lower fees (Hastings and Tejeda-Ashton, 2008; Hastings and Mitchell, 2011).”
Would People Behave Differently If They Better Understood Social Security? Evidence From a Field Experiment (2011, background): “Third, the study demonstrates an approach to altering perceived incentives—a combination of a mailing and an online tutorial—that is both 6 Hastings and Tejeda-Ashton (2008) show in the context of the privatized Mexican Social Security system that financially illiterate workers are more price…”