The purpose of this paper is to investigate the determinants of general financial literacy, specific financial literacy and overall financial literacy among the Micro and Small Enterprises (MSEs) entrepreneurs. The data has been collected from 309 respondents from three districts in the Punjab state of...
assessmentof either countries policies.While this research paper primarily seeks to describe and review both the policies and strategies implementedby the Australian and New Zealand governments in respect of financial literacy, additionally, it briefly makesmention of the existing education programs currently...
Based on data from the 2014 China Family Panel Studies (CFPS), this paper investigates the effects of financial literacy on Chinese households' portfolio choices and investment returns from the financial market. We find that financial literacy significantly increases households' investments in risky asse...
individualsareinchargeoftheirownfinancialsecurityandareconfrontedwithevermorecomplexfinancialinstruments.However,thereisevidencethatmanyindividualsarenotwell-equippedtomakesoundsavingdecisions;thattheydonotpossessadequatefinancialliteracy.ThispaperdemonstrateswidespreadfinancialilliteracyamongtheU.S.population,particularlyamong...
aAs noted in the article “Financial Literacy and Education Research Priorities”, there is a gap in the research on financial literacy “related to the lack of consistency among researchers in how to define and measure program success. There is a need for researchers to develop a clear understa...
Therefore, literature on financial literacy is also a developing field which has not yet reached maturity. This paper provides a review current research on financial literacy and identifies gaps in the literature. The paper begins by discussing attempts to define financial literacy. The three ...
Financial Literacy and/ or KnowledgeYouth FinanceCredit CardsSuperannuationThis paper reports on the potential use of Neural Network as a sensitivity modeling tool for the determinants of financial literacy. The financial literacy modeling in this research has been attempted to measure the literacy of ...
Assessing Financial Literacy in 12 Countries: An OECD Pilot Exercise. Netspar Discussion Paper 01/2011-014, Network for Studies on Pensions, Aging and Retirement.Atkinson, A. Messy, F.A., Assessing Financial Literacy in 12 Countries: An OECD Pilot Exercise, Journal of Pension Economics and ...
The economies around the world have increasingly considered financial literacy as a key pillar for the development of financial system of a country. As financial markets become more sophisticated and households assume a growing share of the responsibility and risk for financial decisions, financial ...
Financial literacy gives an individual the tools and resources they need to be financially secure throughout their life. The lack of financial literacy can lead to many pitfalls, such as overspending and accumulating unsustainable debt burdens. This, in turn, can lead to poor credit, bankruptcy, ...