How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice

By H. Gaudecker. 2011

312 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/98e58b0dc22c515c02f6cbd8dd14b82acc80214f

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Citations in the corpus

Financial literacy, financial advice, and financial behavior (2017, unknown): “…link between financial literacy and portfolio diversification: highly literate investors tend to manage their risks significantly better than the group of low literate individuals (e.g., Calvet et al. 2007; Goetzmann and Kumar 2008; Guiso and Jappelli 2008; von Gaudecker 2015; Clark et al. 2015).”
Financial literacy and savings decisions by adult financial consumers in Zimbabwe (2017, unknown): “However, all of them generally imply the ability of individuals to obtain, understand and evaluate information required to make decisions to secure their financial future as best as possible (Huston, 2010; Despard and Chowa, 2014; Fernandes et al., 2014).”
Financial Literacy and Financial Advice Seeking for Retirement Investment Choice (2019, background): “Another research found that households who have achieved a reasonable investment outcome normally possess a high level of financial literacy, or have sought investment counselling (Gaudecker, 2015).”
Heterogeneity and Persistence in Returns to Wealth (2018, unknown): “This finding is consistent with Bianchi (2018), von Gaudecker (2015) and Deuflhard, Georgarakos, and Inderst (2018), who find a positive correlation between measures of financial literacy and the return to investments among French and Dutch investors, but with reference to a specific asset.”
Financial Literacy, Portfolio Choice and Financial Well-Being (2016, unknown): “However, Gaudecker (2015) finds that people with below-median financial literacy trust their own decision-making capabilities and lose an expected 50 basis points (0.5”
Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa (2020, unknown): “…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 borrowing behaviors (Disney & Gathergood, 2013; Lusardi & Tufano, 2015).”
Financial Literacy and Portfolio Dynamics (2016, unknown): “These magnitudes are in line with those estimated by Von Gaudecker (2015) for Dutch households.”
Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field (2018, background): “4 See, Blume and Friend (1975), Kelly (1995), Calvet, Campbell, and Sodini (2007), Mitton and Vorkink (2007), Goetzmann and Kumar (2008), and von Gaudecker (2015), Florentsen, Nielsson, Raahauge, and Rangvid (2019).”