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Household financial services, financial literacy, and COVID-19 pandemic

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  • Hiroshi Fujiki

Abstract

This paper analyzes the relationship between the spread of the COVID-19 infection and the changes in financial services for households in Japan. Respondents who chose to increase demand for non-face-to-face financial services and cashless payments tended to have more financial assets and to be more financially literate. This result suggests that financial literacy is important in helping households embrace financial services to comply with the demands of social distancing under the spread of COVID-19.

Suggested Citation

  • Hiroshi Fujiki, 2022. "Household financial services, financial literacy, and COVID-19 pandemic," Applied Economics Letters, Taylor & Francis Journals, vol. 29(7), pages 615-618, April.
    • Handle: RePEc:taf:apeclt:v:29:y:2022:i:7:p:615-618
    DOI: 10.1080/13504851.2021.1878092
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    Cited by:

    1. Judita Táncošová & Marcel Lincényi & Michal Fabuš, 2023. "Towards financial literacy: a case of Slovakia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(3), pages 288-301, March.
    2. Tiina Koskelainen & Panu Kalmi & Eusebio Scornavacca & Tero Vartiainen, 2023. "Financial literacy in the digital age—A research agenda," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(1), pages 507-528, January.

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