The Impact of Financial Literacy on Household Consumption Decisions

2021 ◽  
Author(s):  
Liujie Tang ◽  
Jiaqin Jiang
Keyword(s):  
Financial Literacy ◽  
Household Consumption ◽  
Consumption Decisions ◽  
The Impact

scholarly journals Know More, Spend More? The Impact of Financial Literacy on Household Consumption

De Economist ◽  
2021 ◽  
Author(s):  
Milena Dinkova ◽  
Adriaan Kalwij ◽  
Rob Alessie
Keyword(s):  
Financial Literacy ◽  
Positive Association ◽  
Household Consumption ◽  
Return On Assets ◽  
Consumption Growth ◽  
Economic Framework ◽  
Plausible Values ◽  
Theoretical Predictions ◽  
The Impact ◽  
The Relationship

AbstractThis paper examines the relationship between household consumption and financial literacy. The economic framework is a simple life-cycle model of consumption in which financial literacy affects the rate of return on assets. The theoretical predictions are that, for plausible values of the intertemporal elasticity of substitution, financial literacy is positively related to both the level of consumption and consumption growth. We empirically test these theoretical predictions with Dutch data from the LISS household panel. Our results provide evidence in favour of a positive association between non-durable consumption, and in particular food consumption, and financial literacy. No evidence is, however, found in favour of an association between consumption growth and financial literacy.

The Impact of Financial Literacy on Negotiation Behavior

2019 ◽  
Author(s):  
Susan D. Krische ◽  
Alexandra Mislin
Keyword(s):  
Financial Literacy ◽  
Negotiation Behavior ◽  
The Impact

The Impact of Financial Literacy on Financial Preparedness for Retirement in the Small and Medium Enterprises Sector in Uganda

2020 ◽  
Vol 9 (3) ◽  
pp. 26-41
Author(s):  
Colin Agabalinda ◽  
Alain Vilard Ndi Isoh
Keyword(s):  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Group Analysis ◽  
Moderating Effect ◽  
Primary Data ◽  
Retirement Preparedness ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship ◽  
Effect Of Age

The study investigated the direct effects of financial literacy (knowledge, skills, and attitudes) on financial preparedness for retirement and the moderating effect of age among the small and medium enterprises in Uganda. Primary data was collected from a sample of n = 380 selected from the SME workforce. Descriptive analysis was run on SPSS, while validity and reliability of the measurement items yielded satisfactory composite reliability scores and average variance explained (AVE) scores for all items. Structural equation modelling (SEM) was used to test the hypotheses and multi-group analysis conducted to test for the moderating effect of age on the relationship between financial literacy and retirement preparedness. The results revealed that knowledge and skills were significant predictors of retirement preparedness. However, ‘attitude' was not a significant predictor, and age had no moderating effect on the relationship between the study variables. These findings present practical implications for policymakers and financial educators in a developing country context.

Sex-Role Specialization in a Transforming Market: Empirical Evidence from Vietnamese Middle-Class Households

2011 ◽  
Vol 32 (1) ◽  
pp. 61-73 ◽  
Author(s):  
Elfriede Penz ◽  
Erich Kirchler
Keyword(s):  
Decision Making ◽  
Middle Class ◽  
Sex Role ◽  
Age Groups ◽  
Household Consumption ◽  
Household Decision ◽  
Role Changes ◽  
Consumption Decisions ◽  
Middle Class Families ◽  
Role Specialization

Vietnam is undergoing a rapid transformation to a more prosperous society. This article analyzes household decision making in a transforming economy that has undergone modification of the traditional view of the family, from being an autonomous unit to an object of state policy. This is relevant because policy interventions shape household consumption through gender equality programs and thus have an impact on sex-role specialization. The aim of this study is to advance understanding of Vietnamese household consumption decisions and spouses’ current influence patterns by investigating sex-role specialization in Vietnamese middle-class families’ decision making. Overall, no significant sex-role changes were observed. It seems that traditional Vietnamese sex-role specialization does not (yet) differ among age groups. Instead, traditional sex-role segmentation remains predominant across all investigated age groups. While economic and consumption habits change rapidly, middle-class families appear to preserve their traditional influence patterns in purchase decisions.

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