Artikel
School, parents, and financial literacy shape future financial behavior
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 adult children; in general, specific financial training actually has less of an effect on financial behavior.
- Language
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Englisch
- Bibliographic citation
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Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 5 ; Year: 2015 ; Issue: 30/31 ; Pages: 407-412 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- Classification
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Wirtschaft
Household Saving; Personal Finance
Portfolio Choice; Investment Decisions
Education and Research Institutions: General
- Subject
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Financial Literacy
Financial Education
Financial Behaviour
- Event
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Geistige Schöpfung
- (who)
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Grohmann, Antonia
Menkhoff, Lukas
- Event
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Veröffentlichung
- (who)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
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Berlin
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Grohmann, Antonia
- Menkhoff, Lukas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2015
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