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- W2596648192 abstract "There is a consolidated empirical literature providing evidence of the fact that financial literacy, human capital, savings and stock market participation are interconnected decisions. However, to the best of our knowledge, a theoretical explanation of such connections is missing. In this paper we aim at filling this gap, by building a framework that includes all these decisions in an encompassing model. The results of our model provide a theoretical foundation for the role and the determinants of financial literacy and are able to explain several stylized facts on literacy and stock market participation." @default.
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- W2596648192 date "2013-02-01" @default.
- W2596648192 modified "2023-09-23" @default.
- W2596648192 title "Endogenous financial literacy, saving and stock market participation" @default.
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