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Managing digital assets on death and disability: An examination of the determinants of digital asset planning literacy

Author

Listed:
  • Adam Steen

    (Deakin University, Burwood, VIC, Australia)

  • Chris Graves

    (The University of Adelaide, Adelaide, SA, Australia)

  • Steven D’Alessandro

    (Edith Cowan University, Joondalup, WA, Australia)

  • Henry X. Shi

    (The University of Adelaide, Adelaide, SA, Australia)

Abstract

Despite its increasing importance, digital financial literacy (DFL) is yet to be adequately understood. This article reports on one aspect of DFL, namely, digital asset planning literacy (DAPL) which is an individual’s awareness of what happens to their digital assets on their death or incapacity. Our results from Australia and Singapore suggest that single, less-educated women are less likely to possess DAPL, and that the number of digital assets is negatively associated with DAPL, while having a Will is positively related to DAPL. With this study, we put forward that financial education should include consumer rights regarding digital financial assets. JEL Classification: D14; G53; G50; J12; J16

Suggested Citation

  • Adam Steen & Chris Graves & Steven D’Alessandro & Henry X. Shi, 2024. "Managing digital assets on death and disability: An examination of the determinants of digital asset planning literacy," Australian Journal of Management, Australian School of Business, vol. 49(4), pages 561-580, November.
    • Handle: RePEc:sae:ausman:v:49:y:2024:i:4:p:561-580
    DOI: 10.1177/03128962231157005
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    More about this item

    Keywords

    Digital assets; estate planning; financial literacy;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • G50 - Financial Economics - - Household Finance - - - General
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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