dc.creator | Castro, Rubén | |
dc.creator | Fortunato, Andrés | |
dc.date.accessioned | 2016-01-12T01:02:19Z | |
dc.date.available | 2016-01-12T01:02:19Z | |
dc.date.created | 2016-01-12T01:02:19Z | |
dc.date.issued | 2015 | |
dc.identifier | CEPAL Review Número: 116 Páginas: 143-158 (2015) | |
dc.identifier | https://repositorio.uchile.cl/handle/2250/136358 | |
dc.description.abstract | Financial 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.language | en | |
dc.publisher | CEPAL | |
dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | |
dc.rights | Atribución-NoComercial-SinDerivadas 3.0 Chile | |
dc.subject | Finance | |
dc.subject | Consumption | |
dc.subject | Consumer education | |
dc.subject | Measurement | |
dc.subject | Evaluation | |
dc.subject | Mathematical analysis | |
dc.subject | Chile | |
dc.title | Is financial literacy an economic good? | |
dc.type | Artículo de revista | |