Financial Knowledge and Household Saving: Evidence from the Survey of Consumer Finances

被引：9

作者：

Kim, Kyoung Tae ^{[1
]}

Yuh, Yoonkyung ^{[2
]}

机构：

[1] Univ Alabama, Dept Consumer Sci, Tuscaloosa, AL 35487 USA

[2] Ewha Womans Univ, Ewha Sch Business, Ewha Shinsegae Bldg 425,52 Ewhayeodae Gil, Seoul 120750, South Korea

来源：

FAMILY & CONSUMER SCIENCES RESEARCH JOURNAL | 2018年 / 47卷 / 01期

关键词：

financial knowledge; savings; hierarchical model; Survey of Consumer Finances;

D O I：

10.1111/fcsr.12270

中图分类号：

D669 [社会生活与社会问题]; C913 [社会生活与社会问题];

学科分类号：

1204 ;

摘要：

This study analyzed the relationship between financial knowledge and household saving behavior using the 2016 Survey of Consumer Finances (SCF) dataset. The results from a hierarchical model showed that both objective knowledge and perceived financial knowledge were positively related to the likelihood of being a saver. The explanatory power of the regression models increased significantly when financial knowledge variables were added. Furthermore, the results were robust across different measurements of household savings and additional analyses using the 2015 National Financial Capability Study (NFCS) dataset. Educators, policymakers, and financial institutions can benefit from these results as they develop programs, policies, and products to motivate and promote saving behavior.

引用

页码：5 / 24

页数：20

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