Financial Responsibility, Personality Traits and Financial Decision ...

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D Explaining Financial Literacy 100% 80% 60% 40% 20% 0% female male Interest rates Infla1on Bond value Investment risk Mortgages Figure 2: Financial literacy and gender (n=1721) 36
100% 80% 60% 40% 20% 0% > 1960 1945 -‐ 1960 < 1945 Interest rates Infla1on Bond value Investment risk Mortgages Figure 3: Financial literacy and age (n=1721) 100% 80% 60% 40% 20% 0% good at math not good at math Interest rates Infla1on Bond value Investment risk Mortgages Figure 4: Financial literacy and mathematical skills (n=1721) 37
Page 1 and 2: Financial Responsibility, Personali
Page 3 and 4: decisions through their understandi
Page 5 and 6: literacy test are 38% more likely t
Page 7 and 8: for their retirement, and thereby r
Page 9 and 10: In total, the survey consists of 62
Page 11 and 12: e good at mathematics, and merely 1
Page 13 and 14: looked at in detail later, and is o
Page 15 and 16: striking are the low scores that we
Page 17 and 18: these two household demographics re
Page 19 and 20: savers, the only interaction effect
Page 21 and 22: References [1] Berman, A. and T. Ha
Page 23 and 24: [19] Modigliani, F., Brumberg,R., 1
Page 25 and 26: Table 1: Summary statistics Total s
Page 27 and 28: Table 3: Robustness test of savings
Page 29 and 30: Table 5: Logit regressions on obser
Page 31 and 32: % Savers 60 50 40 30 20 10 0 Male F
Page 33 and 34: - It is hard to find a good financi
Page 35: C Financial Literacy Mean Stdev Min

Financial Responsibility, Personality Traits and Financial Decision ...

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