메뉴 건너뛰기




Volumn 95, Issue , 2013, Pages 159-174

Discounting financial literacy: Time preferences and participation in financial education programs

Author keywords

Experiments; Financial literacy; Selection; Time preferences

Indexed keywords


EID: 84887025656     PISSN: 01672681     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jebo.2012.02.024     Document Type: Article
Times cited : (159)

References (46)
  • 1
    • 0034868046 scopus 로고    scopus 로고
    • On the interaction of risk and time preferences: an experimental study
    • Anderhub V., Guth W., Gneezy U., Sonsino D. On the interaction of risk and time preferences: an experimental study. German Economic Review 2001, 2(3):239-253.
    • (2001) German Economic Review , vol.2 , Issue.3 , pp. 239-253
    • Anderhub, V.1    Guth, W.2    Gneezy, U.3    Sonsino, D.4
  • 3
    • 84887026079 scopus 로고    scopus 로고
    • Time preferences with convex budgets. Working paper.
    • Andreoni, J., Sprenger, C., 2009. Time preferences with convex budgets. Working paper.
    • (2009)
    • Andreoni, J.1    Sprenger, C.2
  • 5
    • 0006215162 scopus 로고    scopus 로고
    • The endogenous determination of time preferences
    • Becker G.S., Mulligan C.B. The endogenous determination of time preferences. Quarterly Journal of Economics 1997, 112(3):729-758.
    • (1997) Quarterly Journal of Economics , vol.112 , Issue.3 , pp. 729-758
    • Becker, G.S.1    Mulligan, C.B.2
  • 6
    • 84887019359 scopus 로고    scopus 로고
    • Who is 'behavioral'? Cognitive ability and anomalous preferences. Working paper.
    • Benjamin, D., Brown, S., Shapiro, J., 2006. Who is 'behavioral'? Cognitive ability and anomalous preferences. Working paper.
    • (2006)
    • Benjamin, D.1    Brown, S.2    Shapiro, J.3
  • 7
    • 0000827872 scopus 로고
    • Discount rates inferred from decisions: an experimental study
    • Benzion U., Rapoport A., Yagil J. Discount rates inferred from decisions: an experimental study. Management Science 1989, 35(3):270-284.
    • (1989) Management Science , vol.35 , Issue.3 , pp. 270-284
    • Benzion, U.1    Rapoport, A.2    Yagil, J.3
  • 8
    • 84887023404 scopus 로고    scopus 로고
    • Financial literacy. Testimony before the Committee on Banking, Housing, and Urban Affairs of the United States Senate on May 23.
    • Bernanke, B., 2006. Financial literacy. Testimony before the Committee on Banking, Housing, and Urban Affairs of the United States Senate on May 23.
    • (2006)
    • Bernanke, B.1
  • 9
    • 0043094430 scopus 로고    scopus 로고
    • Education and saving: the long-term effect of high school financial curriculum mandates
    • Bernheim D.B., Garrett D.M., Maki D.M. Education and saving: the long-term effect of high school financial curriculum mandates. Journal of Public Economics 2001, 80(3):435-465.
    • (2001) Journal of Public Economics , vol.80 , Issue.3 , pp. 435-465
    • Bernheim, D.B.1    Garrett, D.M.2    Maki, D.M.3
  • 12
  • 13
    • 0041760284 scopus 로고    scopus 로고
    • Three observations on wages and measured cognitive ability
    • Cawley J., Heckman J., Vytlacil E. Three observations on wages and measured cognitive ability. Labour Economics 2001, 8(4):419-442.
    • (2001) Labour Economics , vol.8 , Issue.4 , pp. 419-442
    • Cawley, J.1    Heckman, J.2    Vytlacil, E.3
  • 15
    • 84887022299 scopus 로고    scopus 로고
    • Measuring intertemporal preferences using response times. Working paper.
    • Chabris, C., Laibson, D., Morris, C., Schuldt, J., Taubinsky, D., 2008. Measuring intertemporal preferences using response times. Working paper.
    • (2008)
    • Chabris, C.1    Laibson, D.2    Morris, C.3    Schuldt, J.4    Taubinsky, D.5
  • 16
    • 84887025111 scopus 로고    scopus 로고
    • If you are so smart, why aren't you rich? The effects of education, financial literacy and cognitive ability on financial market participation. Working paper.
    • Cole, S., Shastry, G.K., 2007. If you are so smart, why aren't you rich? The effects of education, financial literacy and cognitive ability on financial market participation. Working paper.
    • (2007)
    • Cole, S.1    Shastry, G.K.2
  • 20
    • 0041861253 scopus 로고    scopus 로고
    • The role of information and social interaction in retirement plan decisions: evidence from a randomized experiment
    • Duflo E., Saez E. The role of information and social interaction in retirement plan decisions: evidence from a randomized experiment. Quarterly Journal of Economics 2003, 118(3):815-841.
    • (2003) Quarterly Journal of Economics , vol.118 , Issue.3 , pp. 815-841
    • Duflo, E.1    Saez, E.2
  • 21
    • 33748490890 scopus 로고    scopus 로고
    • Saving decisions of the working poor: Short and long-term horizons
    • JAI Press, Greenwich/London, J. Carpenter, G.W. Harrison, J.A. List (Eds.) Field Experiments in Economics
    • Eckel C.C., Johnson C., Monmarquette C. Saving decisions of the working poor: Short and long-term horizons. Research in Experimental Economics 2005, vol. 10. JAI Press, Greenwich/London. J. Carpenter, G.W. Harrison, J.A. List (Eds.).
    • (2005) Research in Experimental Economics , vol.10
    • Eckel, C.C.1    Johnson, C.2    Monmarquette, C.3
  • 23
    • 70350491388 scopus 로고    scopus 로고
    • Time-inconsistency and welfare program participation: evidence from the NLSY
    • Fang, H., Silverman, D., 2009. Time-inconsistency and welfare program participation: evidence from the NLSY. International Economic Review 50 (4), 1043-1077.
    • (2009) International Economic Review , vol.50 , Issue.4 , pp. 1043-1077
    • Fang, H.1    Silverman, D.2
  • 25
    • 84887021767 scopus 로고    scopus 로고
    • Financial literacy and subprime mortgage delinquency: evidence from a survey matched to administrative data. Working paper.
    • Gerardi, K., Goette, L., Meier, S., 2010. Financial literacy and subprime mortgage delinquency: evidence from a survey matched to administrative data. Working paper.
    • (2010)
    • Gerardi, K.1    Goette, L.2    Meier, S.3
  • 26
    • 0037789630 scopus 로고    scopus 로고
    • Estimating individual discount rates in Denmark: a field experiment
    • Harrison G.W., Lau M.I., Williams M.B. Estimating individual discount rates in Denmark: a field experiment. American Economic Review 2002, 92(5):1606-1617.
    • (2002) American Economic Review , vol.92 , Issue.5 , pp. 1606-1617
    • Harrison, G.W.1    Lau, M.I.2    Williams, M.B.3
  • 27
    • 33748497815 scopus 로고    scopus 로고
    • Eliciting risk and time preferences using field experiments: some methodological issues
    • JAI Press, Greenwich/London, J. Carpenter, G.W. Harrison, J.A. List (Eds.) Field Experiments in Economics
    • Harrison G.W., Lau M.I., Rutstrom E.E., Williams M.B. Eliciting risk and time preferences using field experiments: some methodological issues. Research in Experimental Economics 2005, vol. 10. JAI Press, Greenwich/London. J. Carpenter, G.W. Harrison, J.A. List (Eds.).
    • (2005) Research in Experimental Economics , vol.10
    • Harrison, G.W.1    Lau, M.I.2    Rutstrom, E.E.3    Williams, M.B.4
  • 28
    • 33645941563 scopus 로고    scopus 로고
    • Evidence on the effect of credit counseling on mortage loan default by low-income households
    • Hartarska V., Gonzalez-Vega C. Evidence on the effect of credit counseling on mortage loan default by low-income households. Journal of Housing Economics 2006, 15(1):63-79.
    • (2006) Journal of Housing Economics , vol.15 , Issue.1 , pp. 63-79
    • Hartarska, V.1    Gonzalez-Vega, C.2
  • 29
    • 83755205778 scopus 로고    scopus 로고
    • Happiness and time preference: the effect of positive affect in a random-assignment experiment
    • Ifcher, J., Zarghamee, H., 2011. Happiness and time preference: the effect of positive affect in a random-assignment experiment. American Economic Review 101 (7), 3109-3129.
    • (2011) American Economic Review , vol.101 , Issue.7 , pp. 3109-3129
    • Ifcher, J.1    Zarghamee, H.2
  • 30
    • 67349145533 scopus 로고    scopus 로고
    • Learning from mistakes: what do inconsistent choices over risk tell us?
    • Jacobson S., Petrie R. Learning from mistakes: what do inconsistent choices over risk tell us?. Journal of Risk and Uncertainty 2009, 38(2):143-158.
    • (2009) Journal of Risk and Uncertainty , vol.38 , Issue.2 , pp. 143-158
    • Jacobson, S.1    Petrie, R.2
  • 31
    • 84887016931 scopus 로고    scopus 로고
    • John Hancock Financial Services, 2002. Insights into participant investment knowledge and behavior; eighth defined contribution plan survey. Mimeo.
    • John Hancock Financial Services, 2002. Insights into participant investment knowledge and behavior; eighth defined contribution plan survey. Mimeo.
  • 32
    • 81455158844 scopus 로고    scopus 로고
    • The cost of not knowing the score: self-estimated credit scores and financial outcomes
    • Levinger B., Benton M., Meier S. The cost of not knowing the score: self-estimated credit scores and financial outcomes. Journal of Family and Economic Issues 2011, 32(4):566-585.
    • (2011) Journal of Family and Economic Issues , vol.32 , Issue.4 , pp. 566-585
    • Levinger, B.1    Benton, M.2    Meier, S.3
  • 33
    • 84887017586 scopus 로고    scopus 로고
    • Financial literacy and financial education: review and policy implications. NFI Policy Brief No. 2006-PB-11.
    • Lusardi, A., 2006. Financial literacy and financial education: review and policy implications. NFI Policy Brief No. 2006-PB-11.
    • (2006)
    • Lusardi, A.1
  • 34
    • 37649007104 scopus 로고    scopus 로고
    • Financial literacy and retirement preparedness: evidence and implications for financial education programs
    • January
    • Lusardi A., Mitchell O.S. Financial literacy and retirement preparedness: evidence and implications for financial education programs. Business Economics 2007, January:35-44.
    • (2007) Business Economics , pp. 35-44
    • Lusardi, A.1    Mitchell, O.S.2
  • 35
    • 84887026096 scopus 로고    scopus 로고
    • Debt literacy, financial experience, and overindebteness. Working paper. Harvard University.
    • Lusardi, A., Tufano, P., 2008. Debt literacy, financial experience, and overindebteness. Working paper. Harvard University.
    • (2008)
    • Lusardi, A.1    Tufano, P.2
  • 36
    • 44449167194 scopus 로고    scopus 로고
    • JumpStart Coalition for Personal Financial Literacy, Washington, DC
    • Mandell L. Financial Literacy: Are We Improving? 2004, JumpStart Coalition for Personal Financial Literacy, Washington, DC.
    • (2004) Financial Literacy: Are We Improving?
    • Mandell, L.1
  • 37
    • 84887019127 scopus 로고    scopus 로고
    • Temporal stability of time preferences. Working paper.
    • Meier, S., Sprenger, C., 2009. Temporal stability of time preferences. Working paper.
    • (2009)
    • Meier, S.1    Sprenger, C.2
  • 39
    • 84855483245 scopus 로고    scopus 로고
    • Time discounting predicts creditworthiness
    • Meier, S., Sprenger, C., 2012. Time discounting predicts creditworthiness. Psychological Science 23(1), 56-58.
    • (2012) Psychological Science , vol.23 , Issue.1 , pp. 56-58
    • Meier, S.1    Sprenger, C.2
  • 40
    • 0024978988 scopus 로고
    • Delay of gratification in children
    • Mischel W., Shoda Y., Rodriquez M.L. Delay of gratification in children. Science 1989, 244(4907):933-938.
    • (1989) Science , vol.244 , Issue.4907 , pp. 933-938
    • Mischel, W.1    Shoda, Y.2    Rodriquez, M.L.3
  • 41
    • 77949441567 scopus 로고    scopus 로고
    • Why dancers smoke? Smoking, time preferences, and wage dynamics
    • Munasinghe L., Sicherman N. Why dancers smoke? Smoking, time preferences, and wage dynamics. Eastern Economic Journal 2006, 32(4):595-616.
    • (2006) Eastern Economic Journal , vol.32 , Issue.4 , pp. 595-616
    • Munasinghe, L.1    Sicherman, N.2
  • 42
    • 84887026262 scopus 로고    scopus 로고
    • National Council on Economic Education, 2005. What American teens and adults know about economics. Mimeo.
    • National Council on Economic Education, 2005. What American teens and adults know about economics. Mimeo.
  • 43
    • 73249125586 scopus 로고    scopus 로고
    • Time discounting for primary and monetary rewards
    • Reuben, E., Sapienza, P., Zingales, L., 2009. Time discounting for primary and monetary rewards. Economics Letters 106 (2), 125-127.
    • (2009) Economics Letters , vol.106 , Issue.2 , pp. 125-127
    • Reuben, E.1    Sapienza, P.2    Zingales, L.3
  • 44
    • 84887018513 scopus 로고    scopus 로고
    • Payday loans, uncertainty, and discounting: explaining patterns of borrowing, repayment, and default. Working paper.
    • Skiba, P.M., Tobacman, J., 2007. Payday loans, uncertainty, and discounting: explaining patterns of borrowing, repayment, and default. Working paper.
    • (2007)
    • Skiba, P.M.1    Tobacman, J.2
  • 45
    • 0002795270 scopus 로고
    • On least squares estimation when the dependent variable is grouped
    • Stewart M.B. On least squares estimation when the dependent variable is grouped. The Review of Economic Studies 1983, 50(4):737-753.
    • (1983) The Review of Economic Studies , vol.50 , Issue.4 , pp. 737-753
    • Stewart, M.B.1
  • 46
    • 77952335471 scopus 로고    scopus 로고
    • Risk and time preferences: linking experimental and household survey data from Vietnam
    • Tanaka T., Camerer C., Nguyen Q. Risk and time preferences: linking experimental and household survey data from Vietnam. The American Economic Review 2010, 100(1):557-571.
    • (2010) The American Economic Review , vol.100 , Issue.1 , pp. 557-571
    • Tanaka, T.1    Camerer, C.2    Nguyen, Q.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.