Authors
Tullio Jappelli
Publication date
2010/11/1
Journal
The Economic Journal
Volume
120
Issue
548
Pages
F429-F451
Publisher
Oxford University Press
Description
This article uses international panel data on 55 countries from 1995 to 2008, merging indicators of economic literacy with a large set of macroeconomic and institutional variables. Results show that there is substantial heterogeneity of financial and economic competence across countries, and that human capital indicators (PISA test scores and college attendance) are positively correlated with economic literacy. Furthermore, inhabitants of countries with more generous social security systems are generally less literate, lending support to the hypothesis that the incentives to acquire economic literacy are related to the amount of resources available for private accumulation.
Total citations
Scholar articles
T Jappelli - The Economic Journal, 2010