Financial literacy and its consequences: Evidence from Russia during the financial crisis
Integrity signals
Registry
Cites
Statistics
Claims the paper makes
Cites
The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi, A., & Mitchell, O. S. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.1.5 · Cited by 4,698 · see citing works
Self-citationFinancial literacy and stock market participation
van Rooij, M., Lusardi, A., & Alessie, R. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.03.006 · Cited by 3,554 · cited 4× · see citing works
“Van Rooij et al. (2011) have used the financial literacy of others, such as siblings and parents, as instruments.”
BackgroundMethodResultInfluentialSelf-citationFinancial Literacy Among the Young
Lusardi, A., Mitchell, O. S., & Curto, V. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1476982 · Cited by 1,804 · see citing works
Self-citationPlanning and Financial Literacy: How Do Women Fare?
Lusardi, A., & Mitchell, O. S. (2008) · American Economic Review · doi:10.1257/aer.98.2.413 · Cited by 1,512 · see citing works
Self-citationHow Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness
Lusardi, A., & Mitchell, O. (2009) · doi:10.3386/w15350 · Cited by 587 · see citing works
Self-citationUnderstanding Pensions: Cognitive Function, Numerical Ability and Retirement Saving*
Banks, J., & Oldfield, Z. (2007) · Fiscal Studies · doi:10.1111/j.1475-5890.2007.00052.x · Cited by 345 · cited 1× · see citing works
“Similar questions have been asked in other surveys, such as the US Health and Retirement Study, the American Life Panel, and the English Longitudinal Study on Aging, and have been shown to measure both numeracy and financial knowledge (Lusardi and Mitchell, 2009, 2011b; Banks and Oldfield, 2007).”
Background
Flagged first, then by citations
Cited by
Sorted by citations
Financial literacy, financial advice, and financial behavior
Stolper, O. A., & Walter, A. (2017) · Journal of Business Economics · doi:10.1007/s11573-017-0853-9 · Cited by 471 · see citing works
“…2010; Gathergood 2012), several other authors rely on more advanced techniques such as principal component analysis (e.g. Behrmann et al. 2012; Klapper et al. 2013; Lusardi et al. 2014), iterated principal factor analysis (e.g. van Rooij et al. 2011b), or cluster analysis (e.g. Lusardi and…”
MethodFintech and Financial Health in Vietnam during the COVID-19 Pandemic: In-Depth Descriptive Analysis
Nathan, R. J., Setiawan, B., & Quynh, M. N. (2022) · Journal of Risk and Financial Management · doi:10.3390/jrfm15030125 · Cited by 103 · see citing works
Yacoubian, L. J. (2025) · World Journal of Advanced Research and Reviews · doi:10.30574/wjarr.2025.26.2.2140 · Cited by 1 · see citing works
- Authors
- Klapper, L., Lusardi, A., & Panos, G. A.
- Affiliations
- World Bank (US)
- George Washington University (US)
- University of Stirling (GB)
- Corresponding author
- Klapper, Leora
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2013-10
- Volume
- 37
- Issue
- 10
- Pages
- 3904-3923
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W1990531067
- Cited by
- 523
- References
- 6
- Citations by year
- 2026: 42 · 2025: 66 · 2024: 61 · 2023: 66 · 2022: 61 · 2021: 39 · 2020: 51 · 2019: 28 · 2018: 25 · 2017: 25 · 2016: 20 · 2015: 22 · 2014: 16
- FWCI
- 75.04
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Banking & Finance (publishedVersion)
- Stirling Online Research Repository (University of Stirling) (submittedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- ENLIGHTEN (Jurnal Bimbingan dan Konseling Islam) (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Keywords
- financial literacy, financial illiteracy, household debt, personal finance, informal borrowing, financial market participation, income shocks, 2008 financial crisis, Russia
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
