Thank you for attending the ACCI 2021 Annual Conference! We hope you enjoyed the event as much as we enjoyed seeing you.
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This study tests the reliability of financial literacy measures used in previous studies and based on a set of items referred to as the "Lusardi-Mitchell questions". Using a sample of 514 American adults that completed a questionnaire with fifty financial literacy items, the authors compared (1) the results from a set of multivariate regression analyses that used the Lusardi-Mitchell questions to investigate the explanatory power of financial literacy on different financial behaviors, with (2) results that used alternative financial literacy measures that differ by the topic of the items or the number of the items. The study also addresses the reverse-causality issue in an attempt to develop a measure of financial literacy that is not biased by the learning-by-doing effect that could justify the hypothesis that individual financial knowledge is the consequence (and not the cause) of financial behaviors.
I am an Associate Professor of Finance from the University of Rome (Italy) and my main research interests are on consumer finance, financial literacy, and financial education.
Thursday May 20, 2021 10:00am - 11:30am EDT
Room 2
