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Auswirkungen auf die Finanzkompetenz. Studierende der Wirtschaftswissenschaften beantworten die "Big Three"-Fragen mit höherer … determinants of financial literacy among students at a German university. An additional goal is the identification of gender … results suggest a rather low level of financial literacy among female students. Additional factors such as a very good …
Persistent link: https://www.econbiz.de/10012990264
I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of 2020/21 by analyzing the households’ ability to come up with EUR 2,000 within one month. About one in three households reports being unable to cover an unexpected expense of...
Persistent link: https://www.econbiz.de/10013479842
Covid-19 and the unprecedented surge in financial technology contributed to unexpected financial challenges, affecting the relevance of financial decision making and perceived financial well-being. This paper examines the mediating effects of digital financial literacy, financial autonomy,...
Persistent link: https://www.econbiz.de/10014307492
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The German population has good financial knowledge measured on the basis of three financial literacy questions. Around …-age acquire financial knowledge to improve their investment decisions. Interestingly, the possession of a state subsidised Riester … knowledge to save for old-age. Nevertheless, individuals in the lowest income quintile still have very low levels of private …
Persistent link: https://www.econbiz.de/10013149191
Persistent link: https://www.econbiz.de/10011516866
The OECD recommends its member countries implement national strategies for financial education. Many other countries, such as China and India, also have such strategies, whereas Germany does not. The strongest reason for rejecting such a strategy is the supposition that financial education...
Persistent link: https://www.econbiz.de/10012631751
We show that preferred investment styles can be determined by the big five personality traits. Using this result, we build a tool that recommends investment styles. The resulting recommendations are significantly higher rated than random recommendations.We collected detailed personality traits...
Persistent link: https://www.econbiz.de/10013168886
What drives investors’ sensitivity to sustainable investment fees? We conduct a large-scale online experiment with samples of individual investors in five European countries. We explore two main channels for investors' sensitivities to fees. First, investors might be willing to pay higher fees...
Persistent link: https://www.econbiz.de/10014256740
We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...
Persistent link: https://www.econbiz.de/10014504767