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30 Ergebnisse, ab 21
Diskussionspapiere 1504 / 2015

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

2015| Antonia Grohmann, Roy Kouwenberg, Lukas Menkhoff
Monographien

Financial Literacy and Peer Effects: Causes and Consequences ; Dissertation

Hannover: Leibniz Univ., 2015, 187 S. | Antonia Grohmann
Externe referierte Aufsätze

The Effect of Peer Observation on Consumption Choices: Evidence from a Lab-In-Field Experiment

We investigate the impact of peer observation on consumption decisions using a lab-in-field experiment. Respondents make consumption decisions either alone or under peer observation. We find evidence for peer effects. We are able to study these further by looking into the mechanism and performing detailed heterogeneity analysis. Concerning the mechanisms, we find evidence for an information

In: Applied Economics 51 (2019), 55, S. 5937-5951 | Antonia Grohmann, Sahra Sakha
Externe referierte Aufsätze

Financial Literacy and Financial Behavior: Evidence from the Emerging Asian Middle Class

This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find that financial literacy levels are largely comparable to industrialized countries, but understanding of

In: Pacific-Basin Finance Journal 48 (2018), S. 129-143 | Antonia Grohmann
Externe referierte Aufsätze

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However,

In: World Development 111 (2018), S. 84-96 | Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Externe referierte Aufsätze

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

In: Journal of Economic Psychology 51 (2015), S. 114-133 | Antonia Grohmann, Roy Kouwenberg, Lukas Menkhoff
Weitere Aufsätze

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence: Policy Research Contribution #2

In: OECD-GFLEC Global Policy Research Symposium to Advance Financial Literacy <5, 2018, Paris> , Effective Financial Education for Sustainable and Inclusive Growth
S. 17-18
Symposium Proceedings
| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Monographien

The Effect of Social Comparison on Debt Taking: Experimental Evidence

A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we perform a lab experiment designed to study the eff ects of social image concerns and peer information on consumption choices that can be financed through debt taking. We find that having to

Munich: Collaborative Research Center Transregio 190, 2019, 27, XXV S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 227)
| Antonia Grohmann, Melanie Koch
Monographien

Earn More Tomorrow: Overconfident Income Expectations and Consumer Indebtedness

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income expectations and show that

Munich: Collaborative Research Center Transregio 190, 2019, 94 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 152)
| Antonia Grohmann, Lukas Menkhoff, Christoph Merkle, Renke Schmacker
Monographien

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However,

Munich, Germany: Collaborative Research Center Transregio 190, 2018, 94 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 95)
| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
30 Ergebnisse, ab 21