Piotr Białowolski, Andrzej Cwynar, Dorota Weziak-Bialowolska
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引用次数: 0
Abstract
Using longitudinal data from the Panel Study of Income Dynamics (PSID), this study examines the extent to which financial literacy can mitigate financial distress. Employing a “what if” analysis, we simulate the effect of maximizing financial literacy on the likelihood of experiencing financial distress. We show that raising financial literacy to its highest level could prevent financial distress for a group of households facing moderate financial distress. Our results also imply that financial literacy is not a panacea for consumers' financial problems as those facing high risk of financial distress seem to be not affected by financial literacy. Interventions beyond financial literacy might be needed to effectively address financial distress.
本研究利用《收入动态面板研究》（Panel Study of Income Dynamics，PSID）的纵向数据，探讨了金融知识在多大程度上可以减轻财务困境。通过 "假设 "分析，我们模拟了最大限度地提高金融知识水平对遭遇财务困境的可能性的影响。我们的研究结果表明，将金融知识普及率提高到最高水平，可以防止一些面临中度财务困境的家庭陷入财务困境。我们的结果还表明，金融知识并不是解决消费者财务问题的灵丹妙药，因为那些面临高财务困境风险的人似乎并没有受到金融知识的影响。要有效解决财务困境，可能需要金融知识以外的干预措施。
期刊介绍：
The ISI impact score of Journal of Consumer Affairs now places it among the leading business journals and one of the top handful of marketing- related publications. The immediacy index score, showing how swiftly the published studies are cited or applied in other publications, places JCA seventh of those same 77 journals. More importantly, in these difficult economic times, JCA is the leading journal whose focus for over four decades has been on the interests of consumers in the marketplace. With the journal"s origins in the consumer movement and consumer protection concerns, the focus for papers in terms of both research questions and implications must involve the consumer"s interest and topics must be addressed from the consumers point of view.
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