Financial Illiteracy and Stock Market Participation: Evidence from the RAND American Life Panel

By Joanne Yoong. 2010

194 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/ebd98f0fdfb673b1c9414b2c76d725b26e36ce27

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Citations in the corpus

Debt literacy, financial experiences, and overindebtedness* (2015, background): “For example, the less financially literate are found to be less likely to plan for retirement (Lusardi and Mitchell, 2007, 2008, 2011a, c), to accumulate wealth (Stango and Zinman, 2009), and to participate in the stock market (Christelis et al., 2010; van Rooij et al., 2011; Yoong, 2011).”
The Economic Importance of Financial Literacy: Theory and Evidence (2014, unknown): “Knowledge of risk and risk diversification remains low even when the questions are formulated in alternative ways (see, Kimball and Shumway 2006; Yoong 2011; and Lusardi, Schneider, and Tufano 2011).”
Numeracy, financial literacy, and financial decision-making (2012, unknown): “…several papers have shown that individuals with greater financial literacy are more likely to participate in financial markets and to invest in stocks (Christelis, Jappelli, and Padula 2010, Almenberg and Widmark 2011, Almenberg and Dreber 2011, Yoong 2011, Van Rooij, Lusardi, and Alessie 2011).”
Self-Control, Financial Literacy and Consumer Over-Indebtedness (2012, unknown): “Empirical studies show limited participation in the stock market and limited ﬁnancial preparation for retirement are associated with lower levels of ﬁnancial literacy(Banks, O’Dea, & Oldﬁeld, 2010; Bernheim,1995,1998;Clark, Melinda,Morrill, & Allen, 2011; Guiso & Jappelli, 2009; Hastings, Mitchell, ”
Financial Literacy and Retirement Planning in Switzerland (2013, background): “We also confirm that financially literate households are more likely to participate in financial markets, as shown by Van Rooij et al. (2011) for the Netherlands and Yoong (2011) for the United States.”
Financial literacy and fraud detection* (2019, background): “, 2018), better at engaging in day-to-day financial management activities such as retirement planning and wealth accumulation (Lusardi & Mitchell, 2007a,b, 2011; Klapper & Panos, 2011), more likely to participate in financial markets (Van Rooij et al., 2011; Yoong, 2011; Balloch et al., 2015) and be”
The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana (2016, background): “…the relationship between financial literacy and financial decision-making (Banks, O’Dea, and Oldfield 2010; Christelis, Jappelli, and Padula 2010; Hilgert, Hogarth, and Beverly 2003; Lusardi and Mitchell 2011; Smith, McArdle, and Willis 2010; Van Rooij, Lusardi, and Alessie 2011; Yoong 2011).”
Financial Sophistication in the Older Population (2012, unknown): “…2011a, 2011b); are more likely to end up with little wealth close to retirement (Lusardi and Mitchell, 2007); are less likely to invest in stocks (Kimball and Shumway, 2006; van Rooij, Lusardi and Alessie, 2011; Yoong, 2011); and tend to use high-cost borrowing channels (Lusardi and Tufano, 2009a).”
Financial Literacy and the Financial Crisis (2012, unknown): “…have shown that individuals with greater numeracy and financial literacy are more likely to participate in financial markets and to invest in stocks (Christelis, Jappelli, and Padula, 2010; Yoong, 2011; Almenberg and Dreber, 2001; Almenberg and Widmark, 2011; Van Rooij, Lusardi, and Alessie, 2011).”
Financial literacy and its consequences: Evidence from Russia during the financial crisis (2013, background): “For example, several papers show that individuals with greater numeracy and financial literacy are more likely to participate in financial markets and to invest in stocks (Christelis et al., 2010; Yoong, 2011; Almenberg and Dreber, 2011; Christiansen et al., 2008; Almenberg and Widmark, 2011; Van Ro”
Financial Literacy, Confidence and Financial Advice Seeking (2016, background): “Hung and Yoong (2010) however, find that being married increases the propensity to seek advice. ackethal et al. (2012) argue that investment experience relates positively to advice seeking.”
Financial literacy, financial advice, and financial behavior (2017, background): “In the U.S., Hung and Yoong (2010) conduct an experiment among defined-contribution plan holders in the RAND American Life Panel and show that the least sophisticated were most likely to take advice, and Chalmers and Reuter (2012), applying a demographics-based financial literacy proxy, find that…”