Arbeitspapier

Financial literacy externalities

This paper uses unique administrative data and a quasi-field experiment of exogenous allocation in Sweden to estimate medium- and longer-run effects on financial behavior from exposure to financially literate neighbors. It contributes evidence of causal impact of exposure and of a social multiplier of financial knowledge, but also of unfavorable distributional aspects of externalities. Exposure promotes saving in private retirement accounts and stockholding, especially when neighbors have economics or business education, but only for educated households and when interaction possibilities are substantial.Findings point to transfer of knowledge rather than mere imitation or effects through labor, education, or mobility channels.

Sprache
Englisch

Erschienen in
Series: IMFS Working Paper Series ; No. 127

Klassifikation
Wirtschaft
Portfolio Choice; Investment Decisions
Macroeconomics: Consumption; Saving; Wealth
Household Saving; Personal Finance
International Migration
Education: Government Policy
Thema
household finance
financial literacy
social interactions
refugees

Ereignis
Geistige Schöpfung
(wer)
Chaliasos, Michael
Jansson, Thomas
Karabulut, Yigitcan
Ereignis
Veröffentlichung
(wer)
Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)
(wo)
Frankfurt a. M.
(wann)
2018

Handle
URN
urn:nbn:de:hebis:30:3-488021
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Chaliasos, Michael
  • Jansson, Thomas
  • Karabulut, Yigitcan
  • Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)

Entstanden

  • 2018

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