The DOI matches its Crossref record; 10 of the 10 references it cites were found in a registry or an index.
Financial Literacy, Retirement Planning and Household Wealth
Open accessAbstract
Relying on comprehensive measures of financial knowledge, we provide evidence of a strong positive association between financial literacy and net worth, even after controlling for many determinants of wealth. We discuss two channels through which financial literacy might facilitate wealth accumulation. First, financial knowledge increases the likelihood of investing in the stock market, allowing individuals to benefit from the equity premium. Second, financial literacy is positively related to retirement planning and the development of a savings plan has been shown to boost wealth.
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Citations
Cites
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. (1994) · doi:10.3386/t0151 · Cited by 5,302 · cited 1×
“The F-value equals 13, clearly above 10 – the value that is often recommended as a rule of thumb to avoid the problem of weak instruments (Staiger and Stock, 1997).”
Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors
Barber, B. M., & Odean, T. (2000) · The Journal of Finance · doi:10.1111/0022-1082.00226 · Cited by 3,955
Financial 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 6×
“While the financial condition and knowledge of others are not under control of the respondent, witnessing financial problems of the oldest sibling or parents may provide strong motivation to acquire financial knowledge (van Rooij et al. , 2011 a ).”
InfluentialSelf-citationBarsky, R. B., Juster, F. T., Kimball, M. S., & Shapiro, M. D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555280 · Cited by 2,400
Planning 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
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
Self-citationBernheim, B. D., Garrett, D. M., & Maki, D. M. (2001) · Journal of Public Economics · doi:10.1016/s0047-2727(00)00120-1 · Cited by 433
Financial Illiteracy and Stock Market Participation: Evidence from the RAND American Life Panel
Yoong, J. (2011) · Financial Literacy: Implications for Retirement Security and the Financial Marketplace · doi:10.1093/acprof:oso/9780199696819.003.0005 · Cited by 199
The Outlook for Financial Literacy
Lusardi, A., & Mitchell, O. (2011) · doi:10.3386/w17077 · Cited by 125
Self-citation
Cited by
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
Self-citationFinancial Literacy, Financial Education, and Downstream Financial Behaviors
Fernandes, D., Lynch, J. G., & Netemeyer, R. G. (2014) · Management Science · doi:10.1287/mnsc.2013.1849 · Cited by 2,152
Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, T., Falk, A., Huffman, D., & Sunde, U. (2010) · American Economic Review · doi:10.1257/aer.100.3.1238 · Cited by 1,332
Financial Literacy, Financial Education, and Economic Outcomes
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013) · Annual Review of Economics · doi:10.1146/annurev-economics-082312-125807 · Cited by 1,041
Does financial literacy improve financial inclusion? Cross country evidence
Grohmann, A., Klühs, T., & Menkhoff, L. (2018) · World Development · doi:10.1016/j.worlddev.2018.06.020 · Cited by 699
Metadata
- Authors
- van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2012-04-12
- Volume
- 122
- Issue
- 560
- Pages
- 449-478
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W3123886011
- Cited by
- 936
- References
- 10
- FWCI
- 134.88
- Type
- journal article
- Language
- en
- Open access
- green
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- van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2012). Financial Literacy, Retirement Planning and Household Wealth. The Economic Journal. https://doi.org/10.1111/j.1468-0297.2012.02501.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
