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2013 Conference

du 10 au 12 April 2013

The Benson Hotel, Portland, Oregon

This section lists poster sessions as well as concurrent sessions by day, time, and room. Concurrent sessions have multiple presentations. You may search by title, author names, or keyword. A Schedule-at-a-Glance is posted on the Website and will provide the overview. This is the detail.

Financial Literacy and Precautionary Saving

jeudi 11 avril 2013 à 16:15–17:45 PDT
Brighton Room ( Breakout Session A)
Major Area of Focus

Financial Services

Secondary area of focus

Financial Services

Short Abstract

Using data collected by the National Financial Capability Study, a survey recently commissioned by the Financial Industry Regulatory Authority, this paper investigates the correlations between subjectively and objectively assessed measures of financial knowledge, and the probability of having savings adequate to cover 3 months of typical expenses. Results indicate that households who are more financially knowledgeable or more confident in their financial ability are significantly more likely to report having emergency funds. These findings support the growing literature on the relationship between financial knowledge and economic behaviors and have wide policy implications.

Corresponding Author

[photo]
Cliff Robb, Ph.D., Kansas State University
Job Title

Associate professor

City & State (or Province & Country)

Manhattan, Kansas

Additional Authors

[photo]
Patryk Babiarz, The University of Alabama
Job Title

Assistant Professor

City & State (or Province & Country)

Tuscaloosa, Alabama

Chargement en cours …