Arbeitspapier
Financial literacy and socialist education: Lessons from the German reunification
A growing body of literature shows the importance of financial literacy in house-holds' financial decisions. However, fewer studies focus on understanding the determinants of financial literacy. Our paper fills this gap by analyzing a specific determinant, the educational system, to explain the heterogeneity in financial literacy scores across Germany. We suggest that the lower financial literacy observed in East Germany is partially caused by a different institutional framework experienced during the Cold War, more specifically, by the socialist educational system of the GDR which affected specific cohorts of individuals. By exploiting the unique set-up of the German reunification, we identify education as a channel through which institutions and financial literacy are related in the German context.
- Sprache
-
Englisch
- Erschienen in
-
Series: SAFE Working Paper ; No. 217
- Klassifikation
-
Wirtschaft
- Thema
-
financial literacy determinants
socialist education
German reunification
DiD
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Davoli, Maddalena
Hou, Jia
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
- (wo)
-
Frankfurt a. M.
- (wann)
-
2018
- DOI
-
doi:10.2139/ssrn.3224207
- Handle
- URN
-
urn:nbn:de:hebis:30:3-463279
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Davoli, Maddalena
- Hou, Jia
- Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
Entstanden
- 2018
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