Passer au contenu principal
logo

2023 Annual Conference

du 16 au 18 May 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.

Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.

111 The Effect of Education on Risky Financial Assets Holdings of Urban and Rural Households

mercredi 17 mai 2023 à 08:00–08:50 PDT
Room 5 Posters
Short Description

There have always existed systematic differences in the amount of financial assets holdings between urban and rural households. On average, urban individuals hold more of their assets in retirement accounts, stocks, and mutual funds, while rural individuals tend to allocate their assets in vehicle and business. As explanation to the differences in the pattern of asset holdings across urban and rural households, we believe that financial literacy and education level differently affect the amount of risky financial assets holdings of urban and rural households for two main reasons. First, people living in urban areas generally have better access to the stock market, allowing them to apply the financial knowledge they have learned from school. Second, urbanites have better access to jobs that offer attractive retirement and savings options that incentivize people to make higher periodic contributions, and these plans typically invest in portfolios of stocks, bonds, and stock indices. Being more educated allows them to fully understand these retirement savings plans, which are written with technical language and jargons, hence impacting the amount of risky financial holdings urban households possess. We will use the National Financial Well-being Survey as the main dataset for our models and analysis.

Type of presentation

Accepted Poster Presentation

Submitter

Kiet Tuan Le, Johns Hopkins University

Authors

Kiet Tuan Le, Johns Hopkins University
Lien Nguyen, University of Georgia
Chargement en cours …