dc.creatorCastro, Rubén
dc.creatorFortunato, Andrés
dc.date.accessioned2016-01-12T01:02:19Z
dc.date.available2016-01-12T01:02:19Z
dc.date.created2016-01-12T01:02:19Z
dc.date.issued2015
dc.identifierCEPAL Review Número: 116 Páginas: 143-158 (2015)
dc.identifierhttps://repositorio.uchile.cl/handle/2250/136358
dc.description.abstractFinancial literacy (FL) is generally regarded as an economic good which individuals choose whether or not to consume depending on how much of a contribution they expect it to make to the quality of their financial decision-making. This construct has not, however, been tested empirically. In this study we analyse variations in FL on the part of individuals who experience major life-cycle events that show up in the data and that can be assumed to have repercussions on their personal finances. The analysis of a panel made up of approximately 12,000 people indicates that there is a correlation between 13 of the 17 selected life events and financial decisions, but only one of those events (job training) is associated with a change in FL. This evidence casts doubt upon the conceptualization of FL as an economic good and is in line with a series of other studies that, for one reason or another, have questioned the soundness of the current conceptual approach to FL.
dc.languageen
dc.publisherCEPAL
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 Chile
dc.subjectFinance
dc.subjectConsumption
dc.subjectConsumer education
dc.subjectMeasurement
dc.subjectEvaluation
dc.subjectMathematical analysis
dc.subjectChile
dc.titleIs financial literacy an economic good?
dc.typeArtículo de revista


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