Martin Brown|Caroline Henchoz|Thomas Spycher
Culture and financial literacy: Evidence from a within-country language border
University of St. Gallen|University of Fribourg|University of St. Gallen
study effect culture financial literacy comparing secondaryschool students along germanfrench language border within switzerland find students frenchspeaking region lower level financial literacy students germanspeaking region difference financial literacy across language groups stronger native students monolingual students immigrant students bilingual students supports hypothesis embedded cultural differences rather unobserved heterogeneity schooling driving effect mediation analysis suggests cultural divide financial literacy related systematic differences financial socialisation across language groups students german speaking region likely receive pocket money early age likely independent access bank account students french speaking region