Smart money?: The effect of education on financial outcomes

Household financial decisions are important for household welfare, economic growth, and financial stability. Yet our understanding of the determinants of financial decision making is limited. Exploiting exogenous variation in state compulsory schooling laws in both standard and two-sample instrument...

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Bibliographic Details
Published in:The Review of financial studies 2014-07, Vol.27 (7), p.2022-2051
Main Authors: Cole, Shawn A, Paulson, Anna Louise, Shastry, Gauri Kartini
Format: Article
Language:English
Subjects:
1980-2000
Asset income
Bankruptcy
Bildungsniveau
Capital market
College admission
Compulsory education
Credit scores
Decision analysis
Decision making
Earnings
Economic growth
Economic stability
Economic stabilization
Education
Educational attainment
Entscheidung
Financial investments
Financial literacy
Financial market
Financial markets
Foreclosures
Households
Investment
Investment income
Investment policy
Investments
Kapitalanlage
Law
Law schools
Learning outcomes
Money
Ownership
Personal finance
Privater Haushalt
Privathaushalt
Public finance
Savings
Securities markets
Studies
USA
Welfare
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