Financial literacy and stock market participation

We have devised two special modules for De Nederlandsche Bank (DNB) Household Survey to measure financial literacy and study its relationship to stock market participation. We find that the majority of respondents display basic financial knowledge and have some grasp of concepts such as interest com...

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Bibliographic Details
Published in:Journal of financial economics 2011-08, Vol.101 (2), p.449-472
Main Authors: van Rooij, Maarten, Lusardi, Annamaria, Alessie, Rob
Format: Article
Language:English
Subjects:
2005-2006
Aktienmarkt
Banking
Bonds
Correlation analysis
Decision making
Diversification
Financial analysis
Financial engineering
Financial literacy
Financial sophistication
Households
Inflation
Interest rates
Investment
Kapitalanlage
Knowledge
Knowledge of economics and finance
Learning from peers
Literacy
Money
Niederlande
Participation
Personal finance
Portfolio choice
Portfolio choice Knowledge of economics and finance Financial sophistication Risk diversification Learning from peers
Portfolio selection
Prices
Privater Haushalt
Respondents
Risk diversification
Securities markets
Sparen
Stock exchange
Stock exchanges
Stocks
Studies
Surveys
Wissen
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