How motivations and costs affect financial knowledge learning? Evidence from a large-scale FinTech experiment in China
Author
Abstract
Suggested Citation
DOI: 10.1016/j.chieco.2024.102294
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Irina A. Telyukova, 2013.
"Household Need for Liquidity and the Credit Card Debt Puzzle,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(3), pages 1148-1177.
- Telyukova, Irina A., 2007. "Household Need for Liquidity and the Credit Card Debt Puzzle," MPRA Paper 6674, University Library of Munich, Germany.
- Irina A. Telyukova, 2007. "Household Need for Liquidity and the Credit Card Debt Puzzle," 2007 Meeting Papers 515, Society for Economic Dynamics.
- Telyukova, Irina, 2008. "Household Need for Liquidity and the Credit Card Debt Puzzle," University of California at San Diego, Economics Working Paper Series qt4c67r71r, Department of Economics, UC San Diego.
- Telyukova, Irina A., 2012. "Household Need for Liquidity and the Credit Card Debt Puzzle," University of California at San Diego, Economics Working Paper Series qt0ww2c04z, Department of Economics, UC San Diego.
- Bernheim, B. Douglas & Garrett, Daniel M. & Maki, Dean M., 2001.
"Education and saving:: The long-term effects of high school financial curriculum mandates,"
Journal of Public Economics, Elsevier, vol. 80(3), pages 435-465, June.
- B. Douglas Bernheim & Daniel M. Garrett & Dean M. Maki, 1997. "Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates," NBER Working Papers 6085, National Bureau of Economic Research, Inc.
- B. Douglas Bernheim & Daniel M. Garrett & Dean M. Maki, 1997. "Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates," Working Papers 97012, Stanford University, Department of Economics.
- van Rooij, Maarten & Lusardi, Annamaria & Alessie, Rob, 2011.
"Financial literacy and stock market participation,"
Journal of Financial Economics, Elsevier, vol. 101(2), pages 449-472, August.
- M.C.J. van Rooij & A. Lusardi & R. Alessie, 2007. "Financial Literacy and Stock Market Participation," Working Papers 07-23, Utrecht School of Economics.
- van Rooij, Maarten & Lusardi, Annamaria & Alessie, Rob J. M., 2007. "Financial literacy and stock market participation," CFS Working Paper Series 2007/27, Center for Financial Studies (CFS).
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2007. "Financial Literacy and Stock Market Participation," NBER Working Papers 13565, National Bureau of Economic Research, Inc.
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2007. "Financial Literacy and Stock Market Participation," CeRP Working Papers 66, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Maarten vanRooij & Annamaria Lusardi & Rob Alessie, 2007. "Financial Literacy and Stock Market Participation," Working Papers wp162, University of Michigan, Michigan Retirement Research Center.
- Disney, Richard & Gathergood, John, 2013.
"Financial literacy and consumer credit portfolios,"
Journal of Banking & Finance, Elsevier, vol. 37(7), pages 2246-2254.
- Richard Disney & John Gathergood, 2012. "Financial Literacy and Consumer Credit Portfolios," Discussion Papers 12/06, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Sconti, Alessia, 2022. "Digital vs. in-person financial education: What works best for Generation Z?," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 300-318.
- Annamaria Lusardi & Olivia S. Mitchell, 2014.
"The Economic Importance of Financial Literacy: Theory and Evidence,"
Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," CeRP Working Papers 134, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," NBER Working Papers 18952, National Bureau of Economic Research, Inc.
- Alejandro Drexler & Greg Fischer & Antoinette Schoar, 2014.
"Keeping It Simple: Financial Literacy and Rules of Thumb,"
American Economic Journal: Applied Economics, American Economic Association, vol. 6(2), pages 1-31, April.
- Schoar, Antoinette & Fischer, Greg & Drexler, Alejandro, 2010. "Keeping it Simple: Financial Literacy and Rules of Thumb," CEPR Discussion Papers 7994, C.E.P.R. Discussion Papers.
- Drexler, Alejandro & Fischer, Gregory & Schoar, Antoinette, 2010. "Keeping it simple: financial literacy and rules of thumb," LSE Research Online Documents on Economics 33502, London School of Economics and Political Science, LSE Library.
- Drexler, Alejandro & Fischer, Gregory & Schoar, Antoinette, 2014. "Keeping it simple: financial literacy and rules of thumb," LSE Research Online Documents on Economics 46797, London School of Economics and Political Science, LSE Library.
- Annamaria Lusardi & Olivia S. Mitchell, 2008.
"Planning and Financial Literacy: How Do Women Fare?,"
American Economic Review, American Economic Association, vol. 98(2), pages 413-417, May.
- Annamaria Lusardi, 2006. "Planning and Financial Literacy: How Do Women Fare?," Working Papers wp136, University of Michigan, Michigan Retirement Research Center.
- Lusardi, Annamaria & Mitchell, Olivia S., 2008. "Planning and financial literacy: How do women fare?," CFS Working Paper Series 2008/03, Center for Financial Studies (CFS).
- Annamaria Lusardi & Olivia S. Mitchell, 2008. "Planning and Financial Literacy: How Do Women Fare?," CeRP Working Papers 72, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Olivia S. Mitchell, 2008. "Planning and Financial Literacy: How Do Women Fare?," NBER Working Papers 13750, National Bureau of Economic Research, Inc.
- Lusardi, Annamaria & Mitchell, Olivia S., 2007.
"Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth,"
Journal of Monetary Economics, Elsevier, vol. 54(1), pages 205-224, January.
- Annamaria Lusardi & Olivia S. Mitchell, 2006. "Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth," CeRP Working Papers 54, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Olivia S. Mitchell, 2006. "Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth," Working Papers wp114, University of Michigan, Michigan Retirement Research Center.
- Annamaria Lusardi & Olivia S. Mitchell, 2006. "Baby Boomer Retirement Security: the Roles of Planning, Financial Literacy, and Housing Wealth," NBER Working Papers 12585, National Bureau of Economic Research, Inc.
- Lusardi, Annamaria & Mitchell, Olivia S., 2006. "Baby boomer retirement security: The roles of planning, financial literacy, and Housing wealth," CFS Working Paper Series 2006/20, Center for Financial Studies (CFS).
- Liang, Pinghan & Guo, Shiqi, 2015. "Social interaction, Internet access and stock market participation—An empirical study in China," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 883-901.
- Fjesme, Sturla Lyngnes, 2020. "Retail investor experience, asset learning, and portfolio risk-adjusted returns," Finance Research Letters, Elsevier, vol. 36(C).
- John Gibson & David McKenzie & Bilal Zia, 2014.
"The Impact of Financial Literacy Training for Migrants,"
The World Bank Economic Review, World Bank, vol. 28(1), pages 130-161.
- Gibson, John & McKenzie, David & Zia, Bilal, 2012. "The impact of financial literacy training for migrants," Policy Research Working Paper Series 6073, The World Bank.
- John Gibson & David McKenzie & Bilal Zia, 2012. "The Impact of Financial Literacy Training for Migrants," RF Berlin - CReAM Discussion Paper Series 1216, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
- Kaiser, Tim & Menkhoff, Lukas, 2022.
"Active learning improves financial education: Experimental evidence from Uganda,"
Journal of Development Economics, Elsevier, vol. 157(C).
- Tim Kaiser & Lukas Menkhoff, 2022. "Active Learning Improves Financial Education: Experimental Evidence from Uganda," CESifo Working Paper Series 9661, CESifo.
- Tullio Jappelli, 2010.
"Economic Literacy: An International Comparison,"
Economic Journal, Royal Economic Society, vol. 120(548), pages 429-451, November.
- Tullio Jappelli, 2009. "Economic Literacy: An International Comparison," CSEF Working Papers 238, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Jappelli, Tullio, 2010. "Economic literacy: An international comparison," CFS Working Paper Series 2010/16, Center for Financial Studies (CFS).
- Maarten C.J. van Rooij & Annamaria Lusardi & Rob J.M. Alessie, 2012.
"Financial Literacy, Retirement Planning and Household Wealth,"
Economic Journal, Royal Economic Society, vol. 122(560), pages 449-478, May.
- Maarten van Rooij & Annamaria Lusardi & Rob J. Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," NBER Working Papers 17339, National Bureau of Economic Research, Inc.
- Maarten van Rooij & Annamaria Lusardi & Rob Alessie, 2011. "Financial Literacy, Retirement Planning, and Household Wealth," CeRP Working Papers 119, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- van Rooij, Maarten & Lusardi, Annamaria & Alessie, Rob J. M., 2011. "Financial literacy, retirement planning, and household wealth," CFS Working Paper Series 2011/21, Center for Financial Studies (CFS).
- Hans-Martin Von Gaudecker, 2015. "How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?," Journal of Finance, American Finance Association, vol. 70(2), pages 489-507, April.
- Annamaria Lusardi & Pierre-Carl Michaud & Olivia S. Mitchell, 2017.
"Optimal Financial Knowledge and Wealth Inequality,"
Journal of Political Economy, University of Chicago Press, vol. 125(2), pages 431-477.
- Annamaria Lusardi & Pierre-Carl Michaud & Olivia S. Mitchell, 2013. "Optimal Financial Knowledge and Wealth Inequality," CeRP Working Papers 133, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Pierre-Carl Michaud & Olivia S. Mitchell, 2013. "Optimal Financial Knowledge and Wealth Inequality," NBER Working Papers 18669, National Bureau of Economic Research, Inc.
- Collins, J. Michael, 2013. "The impacts of mandatory financial education: Evidence from a randomized field study," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 146-158.
- Bogan, Vicki, 2008. "Stock Market Participation and the Internet," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 43(1), pages 191-211, March.
- repec:ecj:econjl:v:122:y:2012:i::p:449-478 is not listed on IDEAS
- Maya Escueta & Andre Joshua Nickow & Philip Oreopoulos & Vincent Quan, 2020. "Upgrading Education with Technology: Insights from Experimental Research," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 897-996, December.
- Calcagno, Riccardo & Monticone, Chiara, 2015.
"Financial literacy and the demand for financial advice,"
Journal of Banking & Finance, Elsevier, vol. 50(C), pages 363-380.
- Riccardo Calcagno & Chiara Monticone, 2011. "Financial Literacy and the Demand for Financial Advice," CeRP Working Papers 117, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- De Beckker, Kenneth & De Witte, Kristof & Van Campenhout, Geert, 2021. "The effect of financial education on students’ consumer choices: Evidence from a randomized experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 962-976.
- Li Gan & Zhichao Yin & Jijun Tan, 2016. "Report on the Development of Household Finance in Rural China (2014)," Springer Books, Springer, edition 1, number 978-981-10-0409-4, July.
- Shawn Cole & Anna Paulson & Gauri Kartini Shastry, 2016. "High School Curriculum and Financial Outcomes: The Impact of Mandated Personal Finance and Mathematics Courses," Journal of Human Resources, University of Wisconsin Press, vol. 51(3), pages 656-698.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lusardi, Annamaria & Kaiser, Tim, 2024.
"Financial literacy and financial education: An overview,"
CEPR Discussion Papers
19185, C.E.P.R. Discussion Papers.
- Tim Kaiser & Annamaria Lusardi, 2024. "Financial Literacy and Financial Education: An Overview," CESifo Working Paper Series 11070, CESifo.
- Kaiser, Tim & Lusardi, Annamaria, 2024. "Financial Literacy and Financial Education: An Overview," IZA Discussion Papers 16926, Institute of Labor Economics (IZA).
- Tim Kaiser & Annamaria Lusardi, 2024. "Financial Literacy and Financial Education: An Overview," NBER Working Papers 32355, National Bureau of Economic Research, Inc.
- Tim Kaiser & Lukas Menkhoff, 2017.
"Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?,"
The World Bank Economic Review, World Bank, vol. 31(3), pages 611-630.
- Tim Kaiser & Lukas Menkhoff, 2016. "Does Financial Education Impact Financial Literacy and Financial Behavior, and if So, When?," Discussion Papers of DIW Berlin 1562, DIW Berlin, German Institute for Economic Research.
- Kaiser, Tim & Menkhoff, Lukas, 2017. "Does Financial Education Impact Financial Literacy and Financial Behavior, and if so, When?," Rationality and Competition Discussion Paper Series 37, CRC TRR 190 Rationality and Competition.
- Kaiser,Tim & Menkhoff,Lukas, 2017. "Does financial education impact financial literacy and financial behavior, and if so, when ?," Policy Research Working Paper Series 8161, The World Bank.
- Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
- Lührmann, Melanie & Serra-Garcia, Marta & Winter, Joachim, 2015.
"Teaching teenagers in finance: Does it work?,"
Journal of Banking & Finance, Elsevier, vol. 54(C), pages 160-174.
- Lührmann, Melanie & Serra-Garcia, Marta & Winter, Joachim, 2012. "Teaching teenagers in finance: does it work?," Discussion Papers in Economics 14101, University of Munich, Department of Economics.
- Entorf, Horst & Hou, Jia, 2018.
"Financial education for the disadvantaged? A review,"
SAFE Working Paper Series
205, Leibniz Institute for Financial Research SAFE.
- Entorf, Horst & Hou, Jia, 2018. "Financial Education for the Disadvantaged? A Review," IZA Discussion Papers 11515, Institute of Labor Economics (IZA).
- Azra Zaimovic & Anes Torlakovic & Almira Arnaut-Berilo & Tarik Zaimovic & Lejla Dedovic & Minela Nuhic Meskovic, 2023. "Mapping Financial Literacy: A Systematic Literature Review of Determinants and Recent Trends," Sustainability, MDPI, vol. 15(12), pages 1-30, June.
- Sconti, Alessia, 2022. "Digital vs. in-person financial education: What works best for Generation Z?," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 300-318.
- Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021.
"Household Finance,"
Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
- Haliassos, Michael & Gomes, Francisco, 2020. "Household Finance," CEPR Discussion Papers 14502, C.E.P.R. Discussion Papers.
- Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Sconti, Alessia & Caserta, Maurizio & Ferrante, Livio, 2024. "Gen Z and financial education: Evidence from a randomized control trial in the South of Italy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 112(C).
- Li, Xiao, 2020. "When financial literacy meets textual analysis: A conceptual review," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).
- Noemi Oggero & Maria Cristina Rossi & Elisa Ughetto, 2020.
"Entrepreneurial spirits in women and men. The role of financial literacy and digital skills,"
Small Business Economics, Springer, vol. 55(2), pages 313-327, August.
- Noemi Oggero & Maria Cristina Rossi & Elisa Ughetto, 2019. "Entrepreneurial Spirits in Women and Men. The Role of Financial Literacy and Digital Skills," Working papers 059, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
- Noemi Oggero & Mariacristina Rossi & Elisa Ughetto, 2019. "“Entrepreneurial Spirits in Women and Men. The Role of Financial Literacy and Digital Skills"," CeRP Working Papers 187, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Feng, Xiangnan & Lu, Bin & Song, Xinyuan & Ma, Shuang, 2019. "Financial literacy and household finances: A Bayesian two-part latent variable modeling approach," Journal of Empirical Finance, Elsevier, vol. 51(C), pages 119-137.
- Annamaria Lusardi & Olivia S. Mitchell, 2014.
"The Economic Importance of Financial Literacy: Theory and Evidence,"
Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," NBER Working Papers 18952, National Bureau of Economic Research, Inc.
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," CeRP Working Papers 134, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Shen, Chung-Hua & Lin, Shih-Jie & Tang, De-Piao & Hsiao, Yu-Jen, 2016. "The relationship between financial disputes and financial literacy," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 46-65.
- Cordero, José Manuel & Gil, María & Pedraja Chaparro, Francisco, 2016. "Exploring the effect of financial literacy courses on student achievement: a cross-country approach using PISA 2012 data," MPRA Paper 75474, University Library of Munich, Germany.
- Lin, Chaonan & Hsiao, Yu-Jen & Yeh, Cheng-Yung, 2017. "Financial literacy, financial advisors, and information sources on demand for life insurance," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 218-237.
- Andrej Cupak & Pirmin Fessler & Maria Antoinette Silgoner & Elisabeth Ulbrich, 2018. "Financial literacy in Austria: a survey of recent research results," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1/18, pages 14-26.
- Ziyuan Lyu & Li Wei, 2021. "Information sources and participation in the Chinese insurance market: knowledge as a mediator," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(1), pages 79-106, January.
- Davoli, Maddalena & Hou, Jia, 2018. "Financial literacy and socialist education: Lessons from the German reunification," SAFE Working Paper Series 217, Leibniz Institute for Financial Research SAFE.
- Grohmann, Antonia & Hübler, Olaf & Kouwenberg, Roy & Menkhoff, Lukas, 2021.
"Financial literacy: Thai middle-class women do not lag behind,"
Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
- Antonia Grohmann & Olaf Hübler & Roy Kouwenberg & Lukas Menkhoff, 2016. "Financial Literacy: Thai Middle Class Women Do Not Lag behind," Discussion Papers of DIW Berlin 1615, DIW Berlin, German Institute for Economic Research.
More about this item
Keywords
Mobile wealth management; Financial education; Financial knowledge; Motivation; Cost;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- G53 - Financial Economics - - Household Finance - - - Financial Literacy
- I20 - Health, Education, and Welfare - - Education - - - General
- O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chieco:v:88:y:2024:i:c:s1043951x24001834. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/chieco .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.