Financial Literacy and Neighborhood Effects
Financial Literacy and Neighborhood Effects
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DOI：
10.1111/joca.12024
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发表时间：
2014-06-01
影响因子：
2.8
通讯作者：
Lachance, Marie-Eve
中科院分区：
文献类型：
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作者：
Lachance, Marie-Eve
本研究使用2009年和2012年国家金融能力研究的数据来检验邻里特征对金融素养的影响。控制个体特征后，多元回归分析表明邮政编码的教育程度对金融素养有显著影响。这一发现与社会学习作为金融知识获取的机制是一致的，邻里教育可以作为一个人的社会网络金融知识水平的代理。虽然社会影响并不是对这一发现的唯一可能解释，但即使在控制了许多其他因素（如获得金融专业人士的建议、接受金融教育、居住在金融行业就业机会较多的邮政编码地区）之后，这一结果仍然是强有力的。本研究还证明了邮政编码教育的影响存在于各种储蓄和信贷措施中。
This study uses data from the 2009 and 2012 waves of the National Financial Capability Study to examine the effects of neighborhood characteristics on financial literacy. Controlling for individual characteristics, multivariate regression analysis shows that a zip code's education level has a significant impact on financial literacy. This finding is consistent with social learning as a mechanism of financial knowledge acquisition, with neighborhood education serving as a proxy for the level of financial knowledge of one's social network. Although social effects are not the only possible explanation for this finding, the result is robust even after controlling for a host of other factors such as getting advice from financial professionals, receiving financial education, and living in a zip code with greater employment in the financial industry. This study additionally documents that zip code education effects are present with various savings and credit measures.