Financial literacy and saving rates in Brazil

Access: 4459

Downloads: 840

ID:	37780
Authors:	Array Array
Journal:	Revista de Gestão, Finanças e Contabilidade
Abstract:	This paper investigates whether financial education influences the savings rate chosen by individuals. We used a primary database with 345 individuals who answered online questions about their personal characteristics (sex, color, age, income and education) and also questions measuring their level of financial knowledge. Using ordinary least squares, we aimed to verify whether individuals with higher financial education save more, once controlling for other individual characteristics. The results of the linear regressions show that while the level of education (measured in years of schooling) does not influence the rate of savings, the level of financial education influences directly the decision of how much to save individuals.
Keywords:	Array
ABNT Citation:	COSTA, C. M.; MIRANDA, C. J. Educação financeira e taxa de poupança no Brasil. Revista de Gestão, Finanças e Contabilidade, v. 3, n. 3, p. 57-74, 2013.
APA Citation:	Costa, C. M., & Miranda, C. J. (2013). Educação financeira e taxa de poupança no Brasil. Revista de Gestão, Finanças e Contabilidade, 3(3), 57-74.
Volume:	3
Issue:	3
Year:	2013
Initial page:	57
Final page:	74
Number of Pages:	18
Permalink:	https://www.spell.org.br/documentos/ver/37780/financial-literacy-and-saving-rates-in-brazil/i/en
Document type:	Artigo
Language:	Português
Views:	4459
Downloads:	840