Endogenous financial literacy, saving and stock market participation
Endogenous financial literacy, saving and stock market participation
复制标题
内生金融素养、储蓄和股市参与
DOI：
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
L. Corsini
中科院分区：
文献类型：
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作者：
Luca Spataro;L. Corsini
有一个综合的实证文献提供的证据表明，金融知识，人力资本，储蓄和股票市场参与是相互关联的决定。然而，据我们所知，这种联系的理论解释是缺失的。在本文中，我们的目标是填补这一空白，通过建立一个框架，包括所有这些决定在一个包容的模型。我们的模型的结果提供了一个理论基础的作用和金融素养的决定因素，并能够解释一些程式化的事实识字和股市参与。
There is a consolidated empirical literature providing evidence of the fact that financial literacy, human capital, savings and stock market participation are interconnected decisions. However, to the best of our knowledge, a theoretical explanation of such connections is missing. In this paper we aim at filling this gap, by building a framework that includes all these decisions in an encompassing model. The results of our model provide a theoretical foundation for the role and the determinants of financial literacy and are able to explain several stylized facts on literacy and stock market participation.
DOI：
10.1257/aer.102.3.300
发表时间：
2012-05
期刊：
The American economic review
影响因子：
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作者：
Behrman JR;Mitchell OS;Soo CK;Bravo D
通讯作者：
Bravo D