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literacy. Using an ordered probit model and data from a sample of 529 college students across three institutions in the …
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-term financial knowledge and awareness of the young, but there is no proven evidence on long-term behavior after being grown up …
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-term financial knowledge and awareness of the young, but there is no proven evidence on long-term behavior after being grown up …
Persistent link: https://www.econbiz.de/10011859150
We investigate how information processing frictions contribute to household suboptimal saving and investment behavior. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax inefficiency. Such investments yield an expected loss of 9%...
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, effects were larger for those with greater financial knowledge, suggesting this type of tool complements, rather than …
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We examine the relationship between financial knowledge and long-term financial planning behavior. This analysis is ….8%). The findings also show that the correlation between knowledge and financial planning is low, albeit positive. To promote …
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