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- handle: 10670/1.3lrbwv
- halshs: halshs-01203090
- doi: 10.1080/13504851.2015.1026578
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info:eu-repo/semantics/altIdentifier/doi/10.1080/13504851.2015.1026578
Mots-clés
financial literacy information acquisition stockholding puzzle G - Financial Economics/G.G1 - General Financial Markets/G.G1.G11 - Portfolio Choice • Investment Decisions D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D83 - Search • Learning • Information and Knowledge • Communication • Belief • UnawarenessSujets proches
Literacy, Financial Capability, Financial (Financial literacy) Financial capability (Financial literacy)Citer ce document
Luc Arrondel et al., « Stockholding in France: the role of financial literacy and information », HAL-SHS : économie et finance, ID : 10.1080/13504851.2015.1026578
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Résumé
We use an original household survey to study the links between stockholding, financial literacy and acquisition of financial information within the French population. Controlling for subjective expectations on stock market returns and for risk aversion, we find that stock market participation is positively related to basic financial literacy and financial information acquisition through the press reading and the family financial context during childhood. We also find that basic financial literacy is not correlated with the share of stocks in financial assets conditionally on stockownership, while the correlation with information acquisition is significant.