Quotation Silgoner, Maria, Fuhrmann, Bettina, Weber, Rosa. 2015. Financial Literacy Gaps of the Austrian Population. Monetary Policy & the Economy (2): S. 35-51.


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Abstract

Most people lack financial knowledge and have trouble dealing competently with their financial affairs, as evidenced by recent empirical research on financial literacy in various countries. We investigate financial literacy among Austrians based on a novel dataset covering about 2,000 persons. Our findings corroborate the existence of substantial knowledge gaps, which are most conspicuous among respondents with low educational attainment and low incomes, among younger and older people as well as women. We provide tentative evidence for a positive link between financial knowledge scores and financial behavior, such as setting aside rainy day funds or using several sources of information when choosing financial products.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Monetary Policy & the Economy
Language English
Title Financial Literacy Gaps of the Austrian Population
Number 2
Year 2015
Page from 35
Page to 51
Reviewed? Y
URL https://www.oenb.at/Publikationen/Volkswirtschaft/Monetary-Policy-and-the-Economy/2015/Monetary-Policy-and-the-Economy-Q2-15.html

Associations

People
Fuhrmann, Bettina (Details)
External
Silgoner, Maria (Oesterreichische Nationalbank, Austria)
Weber, Rosa (Oesterreichische Nationalbank, Austria)
Organization
Business Education IN (Details)
Competence Center for Empirical Research Methods WE (Details)
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