Skip to main content
Article thumbnail
Location of Repository

Financial Literacy and Financial Planning in France

By Luc Arrondel, Majdi Debbich and Frédérique Savignac

Abstract

Authors retain copyright of their material under a Creative Commons Non-Commercial Attribution 3.0 License. Financial Literacy and Financial Planning in France We study financial literacy in France using the PATER survey and following the Lusardi and Mitchell (2011c) approach. We find that some subpopulations are less financially literate than others: women, young and old people as well as less-educated people are more likely to face difficulties when dealing with fundamental financial concepts such as risk diversification and inflation and interest compounding. We also find some differences in financial knowledge depending on the political opinion of the respondents. Finally we show that these differences in financial knowledge are correlated with differences in the propensity to plan: people who score higher on the financial literacy questions are more likely to be engaged in the preparation of a clearly defined financial plan

Topics: Cover Page Footnote
Year: 2013
OAI identifier: oai:CiteSeerX.psu:10.1.1.352.6196
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.