Financial Literacy and Stock Market Participation

By M.C.J. van Rooij, Anna Lusardi, Rob J M Alessie. 2007

3,358 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/79807a99ddf557ff4b81d96e0add8f4a7674d1e8

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Citations in the corpus

Stock Market Literacy, Trust, and Participation (2015, positive): “…and Nagel, 2011), educational attainment and (cid:133)nancial sophistication (Christelis et al., 2011), (cid:133)nancial literacy (Cardak and Wilkins, 2009; Van Rooij et al., 2011), cognitive ability (Benjamin et al., 2013), and sociability (Hong et al., 2004; B(cid:246)nte and Filipiak, 2012).”
The Genetics of Investment Biases (2014, background): “These results have implications for the design of public policy in the domain of financial literacy (e.g., Lusardi and Mitchell, 2007; Van Rooij, Lusardi, and Alessie, 2011).”
Cognitive abilities and portfolio choice (2010, neutral): “Cognition can affect participation by: a. Reducing information costs (Campbell (2006), Corniotis and Kumar (2006)) b. Reducing risk aversion (Frederick (2005), Benjamin et al. (2006), Dohmen et al (2007)) c. Leading misperception of risk, overconfidence (Barber and Odean (2001)) Cognition related to”
Impact of Financial Literacy on Access to Financial Services in Kenya (2012, background): “Van Rooij, Lusardi, and Alessie, 2007) in a study of Dutch adults, established that households with low levels of financial literacy are more likely than others to base their behavior on financial advice from friends and are less likely to invest in stocks.”
Financial Literacy, Financial Education, and Downstream Financial Behaviors (2014, background): “…10 and 15 years • Never • Don’t know • Refuse to answer Note: Items 1 and 2 are from Lusardi and Mitchell (2011); items 3, 4, 5, 10, 11, and 12 are from van Rooij et al. (2011); item 6 is from Agnew and Szykman (2005); items 7 and 8 are from Hung et al. (2009); item 9 is from Lusardi (2010);…”
Visual tools and narratives: new ways to improve financial literacy* (2014, background): “…to a battery of questions measuring financial literacy, the majority of individuals fare particularly poorly on questions related to risk and risk diversification (see, e.g., Lusardi and Mitchell, 2009, 2011a, b, c, 2014; van Rooij et al., 2011, 2012; Heinberg et al., 2014; Lusardi et al., 2014).”