Discounting financial literacy : time preferences and participation in financial education programs

@inproceedings{Meier2007DiscountingFL,
  title={Discounting financial literacy : time preferences and participation in financial education programs},
  author={Stephan Meier and Charles D. Sprenger},
  year={2007}
}
Discounting Financial Literacy: Time Preferences and Participation in Financial Education Programs Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to acquire personal financial information to a critical, and normally unobservable, characteristic: time… CONTINUE READING
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