Cognitive Abilities and Household Financial Decision Making

By Sumit Agarwal, B. Mazumder. 2013

402 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/9811790b6fa487054d5c41d009906f748c8f6a1d

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Citations in the corpus

Locus of Control and Savings (2016, background): “Less numerate individuals, however, do appear to have lower wealth levels (Banks & Oldfield, 2007) and be more likely to make financial mistakes (Agarwal & Mazumder, 2013).”
IQ, Expectations, and Choice (2019, neutral): “Agarwal and Mazumder (2013) relate cognitive abilities to suboptimal use of credit cards and home-equity loan applications. Aghion, Akcigit, Hyytinen, and Toivanen (2017) use micro-level data on visuospatial IQ to study the effects of cognitive abilities, education, and parental income on inventiven”
Financial education and the debt behavior of the young (2013, neutral): “Individuals with lower cognitive ability and lower financial knowledge are more likely to make financial mistakes (Kimball and Shumway, 2007; Agarwal et al., 2009; Agarwal and Mazumder, 2013; Benjamin, Brown, and Shapiro, 2013). These mistakes are costly: households with low levels of financial lite”
Personality and Young Adult Financial Distress (2015, background): “Mathematical ability is measured by the adolescent’s grade on their last math test (Agarwal and Mazumder, 2013).”
Enduring Links From Childhood Mathematics and Reading Achievement to Adult Socioeconomic Status (2013, background): “Further, numeracy is associated with successful financial decision making (Agarwal & Mazumder, 2013), and both poor literacy and poor numeracy are linked, through their effects on understanding of medical information, to ill health (Anker & Kaufman, 2007; Berkman, Sheridan, Donahue, Halpern, &…”
Debt literacy, financial experiences, and overindebtedness* (2015, background): “Agarwal et al. (2009) also focused on financial ‘mistakes’ related to decisions about debt, showing not only that they are consequential in terms of costs associated with them, but also that they are most prevalent among the young and the old, which our data show are the age groups with the lowest l”
Financial Literacy and Portfolio Dynamics (2016, neutral): “7See also Gerardi, Goette and Meier (2013) on the relationship between numerical ability and mortgage default rates, Agarwal and Mazumder (2013) on the relationship among math ability, credit card usage and home loan applications and Agarwal, Ben-David and Yao (2017) on mistakes in mortgage…”
Financial Literacy, Portfolio Choice and Financial Well-Being (2016, background): “On the one hand, age may affect cognitive ability which has been shown to affect household financial decision making (Christelis et al. 2010; Grinblatt et al. 2011; Agarwal and Mazumder 2013).”