Stockholding in France: the role of financial literacy and information
Luc Arrondel
- Fonction : Auteur
- PersonId : 181098
- IdHAL : luc-arrondel
- ORCID : 0000-0003-0189-0175
- IdRef : 031987877
Résumé
We use an original household survey to study the links between stockholding, financial literacy and acquisition of financial information within the French population. Controlling for subjective expectations on stock market returns and for risk aversion, we find that stock market participation is positively related to basic financial literacy and financial information acquisition through the press reading and the family financial context during childhood. We also find that basic financial literacy is not correlated with the share of stocks in financial assets conditionally on stockownership, while the correlation with information acquisition is significant.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Stockholding in France: the role of financial literacy and information
|
Résumé |
en
We use an original household survey to study the links between stockholding, financial literacy and acquisition of financial information within the French population. Controlling for subjective expectations on stock market returns and for risk aversion, we find that stock market participation is positively related to basic financial literacy and financial information acquisition through the press reading and the family financial context during childhood. We also find that basic financial literacy is not correlated with the share of stocks in financial assets conditionally on stockownership, while the correlation with information acquisition is significant.
|
Auteur(s) |
Luc Arrondel
1, 2, 3
, Majdi Debbich
3, 2
, Frédéric Savignac
1
1
Centre de recherche de la Banque de France
( 171776 )
- 31 rue Croix des petits champs 75001 PARIS - France
- France
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
3
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2015-07
|
Volume |
22
|
Numéro |
16
|
Page/Identifiant |
1315-1319
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Financement |
|
Mots-clés |
en
financial literacy, information acquisition, stockholding puzzle
|
DOI | 10.1080/13504851.2015.1026578 |
Loading...