Financial literacy around the world: an overview

A Lusardi, OS Mitchell - Journal of pension economics & finance, 2011‏ - cambridge.org
In an increasingly risky and globalized marketplace, people must be able to make well-
informed financial decisions. New international research demonstrates that financial …

Financial literacy and economic outcomes: Evidence and policy implications

OS Mitchell, A Lusardi - The journal of retirement, 2015‏ - pmc.ncbi.nlm.nih.gov
This paper reviews what we have learned over the past decade about financial literacy and
its relationship to financial decision-making around the world. Using three questions, we …

Financial literacy and financial resilience: Evidence from around the world

L Klapper, A Lusardi - Financial Management, 2020‏ - Wiley Online Library
We measure financial literacy using questions assessing basic knowledge of four
fundamental concepts in financial decision making: knowledge of interest rates, interest …

The economic importance of financial literacy: Theory and evidence

A Lusardi, OS Mitchell - American Economic Journal: Journal of …, 2014‏ - aeaweb.org
This paper undertakes an assessment of a rapidly growing body of economic research on
financial literacy. We start with an overview of theoretical research, which casts financial …

Optimal financial knowledge and wealth inequality

A Lusardi, PC Michaud… - Journal of political …, 2017‏ - journals.uchicago.edu
We show that financial knowledge is a key determinant of wealth inequality in a stochastic
life cycle model with endogenous financial knowledge accumulation, where financial …

Financial literacy and retirement planning in the United States

A Lusardi, OS Mitchell - Journal of pension economics & finance, 2011‏ - cambridge.org
We examine financial literacy in the US using the new National Financial Capability Study,
wherein we demonstrate that financial literacy is particularly low among the young, women …

[HTML][HTML] Self-control, financial literacy and consumer over-indebtedness

J Gathergood - Journal of economic psychology, 2012‏ - Elsevier
This paper examines the relationship between self-control, financial literacy and over-
indebtedness on consumer credit debt among UK consumers. Lack of self-control and …

How financial literacy affects household wealth accumulation

JR Behrman, OS Mitchell, CK Soo… - American Economic …, 2012‏ - aeaweb.org
This study isolates the causal effects of financial literacy and schooling on wealth
accumulation using a new household dataset and an instrumental variables (IV) approach …

Financial literacy and consumer credit portfolios

R Disney, J Gathergood - Journal of Banking & Finance, 2013‏ - Elsevier
We use survey data from a sample of UK households to analyse the relationship between
financial literacy and consumer credit portfolios. We show that individuals who borrow on …

Numeracy, financial literacy, and financial decision-making

A Lusardi - 2012‏ - nber.org
Financial decisions, be they related to asset building or debt management, require the
capacity to do calculations, including some complex ones. But how numerate are …