Browsing by Keyword "financial literacy"
Now showing items 1-12 of 12
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Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education
(2016-07-11)We analyze the consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded addon prices and banks try to exploit this. Allowing for different information ... -
Does sophistication affect long-term return expectations? Evidence from financial advisers' exam scores
(2013-01-22)We use unique data fromfinancial advisers’ professional exam scores and combine it with other variables to create an index of financial sophistication. Using this index to explain long-term stock return expectations, we ... -
FASD
The Finnish Association of Securities Dealers, FASD, is the co-operation and self-regulatory organization of the Finnish investment services industry.[ -
Financial Education for the Disadvantaged? A Review
(2018-04-20)In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both ... -
Financial education, literacy and investment attitudes
(2015-05-01)Based on a sample of university students, we provide field and laboratory evidence that a small scale training intervention has both a statistically and economically significant effect on subjective and objective assessments ... -
Financial Literacy and Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing
(2019-10-14)We report the results of a longitudinal intervention with students across five universities in China designed to reduce online consumer debt. Our research design allocates individuals to either a financial literacy treatment, ... -
Gender Differences in Financial Advice
(2015-03-04)We show that financial advisors recommend more costly products to female clients, based onminutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ... -
Survey_BKHKL_2015_1
In an independent research project, a random sample of all clients of the bank was invited to participate in academic surveys, which are conducted to gain deeper insights into the decision making process of private households. ... -
Survey_BKHKL_2015_2
We we designed, commissioned and ran a survey with the help of the research company YouGov that targeted individuals with experience working as financial advisors in Germany (advisor survey). Note that the advisor survey ... -
WP309_admindata_2015
We use data on private clients receiving investment recommendations from financial advisors employed by a large German bank operating a nationwide branch network. Our main source of information are advisory minutes that ...