TY  - UNPD
A1  - Haliassos, Michael
A1  - Jansson, Thomas
A1  - Karabulut, Yigitcan
T1  - Financial literacy externalities
T2  - Working paper series / Institute for Monetary and Financial Stability ; 127
N2  - This paper uses unique administrative data and a quasi-field experiment of exogenous allocation in Sweden to estimate medium- and longer-run effects on financial behavior from exposure to financially literate neighbors. It contributes evidence of causal impact of exposure and of a social multiplier of financial knowledge, but also of unfavorable distributional aspects of externalities. Exposure promotes saving in private retirement accounts and stockholding, especially when neighbors have economics or business education, but only for educated households and when interaction possibilities are substantial. Findings point to transfer of knowledge rather than mere imitation or effects through labor, education, or mobility channels.
T3  - Working paper series / Institute for Monetary and Financial Stability - 127 
KW  - household finance
KW  - financial literacy
KW  - social interactions
KW  - refugees
Y1  - 2018
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/48802
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-488021
UR  - https://www.imfs-frankfurt.de/de/forschung/imfs-working-papers.html
PB  - Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability
CY  - Frankfurt am Main
ER  -