文章基本信息

标题：Borrowing Decisions of Credit Constrained Consumers and The Role of Financial Literacy
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作者：Swarnankur Chatterjee
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2013
卷号：33
期号：1
页码：179-191
出版社：Economics Bulletin
摘要：This study uses a new nationally representative dataset (National Financial Capability Study, 2009) to examine the association between individuals' financial literacy and their high-cost borrowing decisions. The results indicate that financial literacy is indeed negatively associated with high-cost borrowing behaviors. Other factors such as lower levels of income, gender, educational attainment, and the recent downturn in economic fortune of a household were also associated with high-cost borrowing behaviors. This study's findings have important policy implications for improving individual financial decision-making of credit constrained consumers.
关键词：Financial Literacy; Credit; Household Economics