金融教育与金融风险承受能力的关系研究

Ashley Tharayil
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引用次数: 0

摘要

个人的财务风险承受能力(FRT)在其财务决策中起着重要作用。因此,这是最近一个令人感兴趣的话题。研究表明,金融知识和风险规避之间有着密切的关系。然而,很少有研究调查金融教育与FRT之间的相关性。本文提出金融教育与FRT可能正相关。由于风险偏好是一种与生俱来的特征,也可能受到个人和心理属性的驱动,因此金融教育与FRT之间的关系可能不是因果关系。通过多变量分析分析2021年NFCS数据集的数据得出的结果表明,金融教育课程与受过大学教育的个人和没有上过大学的经济低文化程度的个人报告的更高的金融风险承受能力呈正相关。即使在控制了金融知识和无数其他背景变量之后,这些结果仍然成立。JEL分类:D14、G00、D81、A20
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Examining the Association Between Financial Education and Financial Risk Tolerance
An individual’s financial risk tolerance (FRT) has an important role in their financial decisions. Hence, it is a recent topic of interest. Research shows a strong relationship between financial literacy and risk aversion. Little research, however, has been done investigating the correlation between financial education and FRT. In this paper, it is proposed that financial education and FRT may be positively correlated. Since risk preferences are an innate characteristic and can also be motivated by personal and psychological attributes, the relationship between financial education and FRT may not be causal. Results obtained from analyzing data from the 2021 NFCS dataset through multivariate analysis show that financial education courses are positively correlated with reporting higher measures of financial risk tolerance for college educated individuals and for financially low literate individuals who have not attended college. These results hold even after controlling for financial literacy and a myriad of other background variables. JEL Classifications: D14, G00, D81, A20
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