Is financial literacy an economic good?

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cepal.articleNo8
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/G.2643-P
cepal.docTypeRevistas
cepal.jelCodeA20
cepal.jelCodeD14
cepal.jelCodeG11
cepal.jelCodeI20
cepal.jelCodeJ26
cepal.jobNumberRVI116_Castro
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg12
cepal.topicEngMACROECONOMICS
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCastro, Rubén
dc.contributor.authorFortunato, Andrés
dc.coverage.spatialEngCHILE
dc.coverage.spatialSpaCHILE
dc.date.accessioned2015-12-22T12:25:13Z
dc.date.available2015-12-22T12:25:13Z
dc.date.issued2015-08
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.formatTexto
dc.format.extentpáginas. 143-15
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2643-P
dc.identifier.urihttps://hdl.handle.net/11362/39617
dc.language.isoeng
dc.physicalDescriptionp. 143-158: gráfs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo116
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecord¿Se comporta el alfabetismo financiero como un bien económico?
dc.relation.translationUrihttps://hdl.handle.net/11362/38801
dc.rights.coarDisponible
dc.subject.unbisEngFINANCE
dc.subject.unbisEngCONSUMPTION
dc.subject.unbisEngCONSUMER EDUCATION
dc.subject.unbisEngMEASUREMENT
dc.subject.unbisEngEVALUATION
dc.subject.unbisEngMATHEMATICAL ANALYSIS
dc.subject.unbisSpaFINANZAS
dc.subject.unbisSpaCONSUMO
dc.subject.unbisSpaEDUCACION DEL CONSUMIDOR
dc.subject.unbisSpaMEDICION
dc.subject.unbisSpaEVALUACION
dc.subject.unbisSpaANALISIS MATEMATICO
dc.titleIs financial literacy an economic good?
dc.type.coarrevista
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