Data and Code for: The Importance of Financial Literacy: Opening a New Field

Principal Investigator(s): View help for Principal Investigator(s) Annamaria Lusardi, Stanford University; Olivia S. Mitchell, University of Pennsylvania

Version: View help for Version V1

Name	File Type	Size	Last Modified
FedSCF2019_FinLit.do	text/plain	5.5 KB	10/13/2023 10:41:AM
FedSCF2019_FinLit.sas	application/x-sas	18.7 KB	10/13/2023 10:52:AM
JEP-2022-1324 v4.pdf	application/pdf	324.6 KB	10/13/2023 10:51:AM
Readme.pdf	application/pdf	182.8 KB	10/25/2023 07:09:AM
Setup.do	text/plain	1.2 KB	10/09/2023 11:26:AM
p19_rw1.dta	application/x-stata-dta	50.8 MB	10/09/2023 11:21:AM
p19i6.dta	application/x-stata-dta	277.5 MB	07/12/2023 09:12:AM
rscfp2019.dta	application/x-stata-dta	31.3 MB	07/12/2023 09:13:AM
sasmacro.sas	application/x-sas	7.4 KB	10/13/2023 10:52:AM
scf2019	application/octet-stream	269.7 MB	07/12/2023 09:13:AM

Project Citation:

Lusardi, Annamaria, and Mitchell, Olivia S. Data and Code for: The Importance of Financial Literacy: Opening a New Field. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-10-31. https://doi.org/10.3886/E193204V1

Project Description

Summary:

We undertake an assessment of our two decades of research on financial literacy, building on our empirical research and theoretical work casting financial knowledge as a form of investment in human capital. We also draw on recent data to determine who is the most – and least – financially savvy in the United States, and we highlight the similarity of our results in other countries. A number of convincing studies is now available, from which we draw conclusions about the effects and consequences of financial illiteracy, and what can be done to fill these gaps. We conclude by offering our thoughts on implications for teaching, policy, and future research.

Scope of Project

Subject Terms: financial education; wealth inequility; saving; debt; stock market participation; inflation

JEL Classification:
      D14 Household Saving; Personal Finance
      D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
      G53 Household Finance: Financial Literacy

Data Type(s): survey data

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Published Versions

V1 [2023-10-31]

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DDI 2.5

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