Aida ?umurovi?|Walter Hyll
Financial Literacy and Self?Employment
Halle Institute for Economic Research|Halle Institute for Economic Research
paper study relationship financial literacy selfemployment use established financial literacy questions measure literacy levels analysis shows highly significant positive correlation index selfemployment address direction causality applying instrumental variable techniques based information maternal education also exploit information financial support family background account concerns exclusion restriction results provide support positive effect financial literacy probability selfemployed financial literacy acquirable findings suggest entrepreneurial activities might increased enhancing financial literacy