金融知识、人力资本与长期经济增长

IF 3.9 3区经济学 Q1 BUSINESS, FINANCE

North American Journal of Economics and Finance Pub Date : 2025-06-05 DOI:10.1016/j.najef.2025.102468

Alberto Bucci , Riccardo Calcagno , Simone Marsiglio , Tiago Neves Sequeira

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引用次数: 0

摘要

金融知识在政策领域获得了动力，一些国家目前正在促进它。尽管金融知识在改善储蓄在不同用途之间的分配方面具有不可否认的重要性，但这些政策对经济增长的影响并不明显。事实上，金融知识是一种特殊形式的人力资本，因此，支持金融教育可能会阻碍普通教育，最终对经济增长产生不利影响。本文依赖于一个内生增长框架，在这个框架中，人力资本可以用来积累金融知识，以评估当前政策设置在哪些条件下可能从长远来看是有益的。我们基于1950-2019年期间美国经济的校准表明，如果金融素养对金融部门配置效率的影响足够强大，这种情况可能会有效发生。

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Financial literacy, human capital and long-run economic growth

Financial literacy has gained momentum in the policy arena and several countries are currently promoting it. Despite the undeniable importance of financial literacy in improving the allocation of savings across alternative uses, the impact of these policies on economic growth is not obvious. Indeed, financial literacy is a specialized form of human capital, thus favoring financial education may deter general education eventually generating detrimental effects on growth. This paper relies on an endogenous growth framework where human capital can be employed to accumulate financial literacy to assess the conditions under which the current policy setting may be beneficial in the long run. Our calibration based on the US economy over the 1950–2019 period shows that this may effectively be the case if the impact of financial literacy on the allocational efficiency of the financial sector is sufficiently strong.

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来源期刊

North American Journal of Economics and Finance Multiple-

CiteScore

7.30

自引率

8.30%

发文量

168

期刊介绍： The focus of the North-American Journal of Economics and Finance is on the economics of integration of goods, services, financial markets, at both regional and global levels with the role of economic policy in that process playing an important role. Both theoretical and empirical papers are welcome. Empirical and policy-related papers that rely on data and the experiences of countries outside North America are also welcome. Papers should offer concrete lessons about the ongoing process of globalization, or policy implications about how governments, domestic or international institutions, can improve the coordination of their activities. Empirical analysis should be capable of replication. Authors of accepted papers will be encouraged to supply data and computer programs.