Arbeitspapier
Childhood roots of financial literacy
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 characteristics. We find in a mediation analysis that both family and school positively affect the financial literacy of adults. Moreover, financial literacy and school related variables also have a direct effect on financial behavior. This suggests that family factors and schooling work through complementary channels.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1504
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
Portfolio Choice; Investment Decisions
Education and Research Institutions: General
- Thema
-
financial literacy
financial behavior
family background
education
numeracy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grohmann, Antonia
Kouwenberg, Roy
Menkhoff, Lukas
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Grohmann, Antonia
- Kouwenberg, Roy
- Menkhoff, Lukas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2015
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