Financial Literacy and Financial Planning in France

dc.creator	Luc Arrondel
dc.creator	Majdi Debbich
dc.creator	Frédérique Savignac
dc.date	2013-07-01T00:00:00Z
dc.date.accessioned	2015-07-20T22:18:39Z
dc.date.available	2015-07-20T22:18:39Z
dc.identifier	http://dx.doi.org/10.5038/1936-4660.6.2.8
dc.identifier	1936-4660
dc.identifier	https://doaj.org/article/bffbfca70cd547ab9a696fa642a3148d
dc.identifier.uri	http://evidence.thinkportal.org/handle/123456789/19472
dc.description	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.
dc.language	English
dc.publisher	University of South Florida Libraries
dc.relation	http://scholarcommons.usf.edu/numeracy/vol6/iss2/art8/
dc.relation	https://doaj.org/toc/1936-4660
dc.rights	CC BY-NC
dc.source	Numeracy, Vol 6, Iss 2, p 8 (2013)
dc.subject	financial literacy
dc.subject	retirement planning
dc.subject	household finance
dc.subject	Special aspects of education
dc.subject	LC8-6691
dc.subject	Education
dc.subject	L
dc.subject	DOAJ:Education
dc.subject	DOAJ:Social Sciences
dc.subject	Mathematics
dc.subject	QA1-939
dc.subject	Science
dc.subject	Q
dc.subject	DOAJ:Mathematics
dc.subject	DOAJ:Mathematics and Statistics
dc.subject	Special aspects of education
dc.subject	LC8-6691
dc.subject	Education
dc.subject	L
dc.subject	DOAJ:Education
dc.subject	DOAJ:Social Sciences
dc.subject	Mathematics
dc.subject	QA1-939
dc.subject	Science
dc.subject	Q
dc.subject	DOAJ:Mathematics
dc.subject	DOAJ:Mathematics and Statistics
dc.subject	Special aspects of education
dc.subject	LC8-6691
dc.subject	Education
dc.subject	L
dc.subject	Mathematics
dc.subject	QA1-939
dc.subject	Science
dc.subject	Q
dc.subject	Special aspects of education
dc.subject	LC8-6691
dc.subject	Education
dc.subject	L
dc.subject	Mathematics
dc.subject	QA1-939
dc.subject	Science
dc.subject	Q
dc.subject	Special aspects of education
dc.subject	LC8-6691
dc.subject	Education
dc.subject	L
dc.subject	Mathematics
dc.subject	QA1-939
dc.subject	Science
dc.subject	Q
dc.title	Financial Literacy and Financial Planning in France
dc.type	article