EMPIRICAL RESEARCH ON FINANCIAL LITERACY

Authors

  • Anusha N Assistant Professor, St. Francis College, Koramangala, Bengaluru, India
  • Srikanth M MBA III Semester St. Francis College, Koramangala, Bengaluru, India
  • Ramya GK MBA III Semester St. Francis College, Koramangala, Bengaluru, India

DOI:

https://doi.org/10.29121/granthaalayah.v13.i1.2025.5890

Keywords:

Financial Literacy, Financial Management, Economic Stability

Abstract [English]

Financial literacy, the ability to understand and apply financial principles effectively, plays a critical role in personal financial management, economic stability, and overall well-being. This research delves into empirical studies on financial literacy, examining its determinants, impacts, and interventions aimed at improving financial knowledge across different demographics. By synthesizing findings from various studies, this paper highlights the importance of financial literacy in fostering better financial behaviors and reducing economic disparities.

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References

Atkinson, A., & Messy, F. (2012). Measuring Financial Literacy: Results of the OECD / International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance, and Private Pensions.

Bernheim, B. D., & Garrett, D. M. (2003). The Effects of Financial Education in the Workplace: Evidence from a Survey of Households. Journal of Public Economics. https://doi.org/10.1016/S0047-2727(01)00184-0

Lusardi, A., & Mitchell, O. S. (2007). Financial Literacy and Retirement Preparedness: Evidence and Implications. Journal of Pension Economics and Finance. https://doi.org/10.2139/ssrn.957796

Xu, L., & Zia, B. (2012). Financial Literacy around the World: An Overview of the Evidence with Practical Suggestions for the Way Forward. World Bank Policy Research Working Paper. https://doi.org/10.1596/1813-9450-6107

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Published

2025-02-05

How to Cite

N, A., M, S., & GK, R. (2025). EMPIRICAL RESEARCH ON FINANCIAL LITERACY. International Journal of Research -GRANTHAALAYAH, 13(1), 64–67. https://doi.org/10.29121/granthaalayah.v13.i1.2025.5890