Publication:
The effect of financial literacy on trust: Do financially literate individuals have more trust in the financial system?

Simple item page
dc.contributor.authorPoher, Beatriz
dc.contributor.authorNúñez Letamendía, Laura
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-02T16:10:19Z
dc.date.available2024-07-02T16:10:19Z
dc.date.issued2020-04-01
dc.description.abstractThis study analyzes the effect that financial literacy has on individuals’ trust in the financial system. For this end, three different sorts of financial literacy are used, basic financial literacy, financial knowledge of investment products and financial awareness on the role played by financial institutions. Among the three types of financial literacy examined, sophisticated financial literacy, in particular that related to knowledge of investment products, plays the most relevant role in explaining individuals’ financial trust. The findings show that less financially literate individuals are less likely to trust the financial system as a whole, as well as banks. Moreover, individuals with lower financial awareness perceive also lower levels of honesty and solvency in banks.
dc.formatapplication/pdf
dc.identifier.citationNuñez-Letamendia, L., Poher, B., & IE Observatorio del ahorro familiar. (2020). The effect of financial literacy on trust: Do financially literate individuals have more trust in the financial system?. Zenodo. https://doi.org/10.5281/zenodo.5095211
dc.identifier.doihttps://doi.org/10.5281/zenodo.5095211
dc.identifier.urihttps://hdl.handle.net/20.500.14417/2837
dc.language.isoen
dc.licensehttps://creativecommons.org/licenses/by/4.0/legalcode
dc.publisherIE University
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordAhorros
dc.subject.keywordInversiones
dc.subject.keywordConocimientos Financieros
dc.subject.keywordAnalfabetismo financiero
dc.subject.keywordSistema financiero
dc.subject.keywordBancos
dc.subject.keywordSavings
dc.subject.keywordInvestments
dc.subject.keywordFinancial Knowledge
dc.subject.keywordFinancial illiteracy
dc.subject.keywordFinancial system
dc.subject.keywordBanking
dc.titleThe effect of financial literacy on trust: Do financially literate individuals have more trust in the financial system?
dc.typeinfo:eu-repo/semantics/workingPaper
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublication
relation.isAuthorOfPublicationfad2f1f5-aa2e-4324-a49b-81ee05aea70f
relation.isAuthorOfPublicationfad2f1f5-aa2e-4324-a49b-81ee05aea70f
relation.isAuthorOfPublication.latestForDiscoveryfad2f1f5-aa2e-4324-a49b-81ee05aea70f
relation.isAuthorOfPublication.latestForDiscoveryfad2f1f5-aa2e-4324-a49b-81ee05aea70f
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
5095211.pdf
Size:
967.11 KB
Format:
Adobe Portable Document Format
Download
Collections
Working Papers