Financial literacy predicts informed financial decisions, but what explains financial literacy? We use the concept of financial socialization and aim to represent three major agents of financial socialization: family, school and work. Thus we compile twelve relevant childhood characteristics in a new survey study and examine their relation to financial literacy, while controlling for established socio-demographic ...
Warum treffen manche Leute bessere finanzielle Entscheidungen als andere? Eine wichtige Rolle spielt dabei das Niveau der Finanzbildung. Eine gute Schulbildung, die sich auch mit wirtschaftlichen Fragestellungen auseinandersetzt, führt ebenfalls zu besseren Finanzentscheidungen. Viele Studien vernachlässigen allerdings, wie die Erziehung durch die Eltern das Finanzverhalten beeinflusst. Dieser Bericht ...
Why do some people make better financial decisions than others do? The level of financial literacy plays an important role: Quality schooling that also deals with financial issues likewise leads to better financial decisions. However, many studies neglect how parenting also influences financial behavior. This report shows that parents also have an indirect effect on the financial literacy of their ...