Kenneth De Beckker|Kristof De Witte|Geert Van Campenhout
The role of national culture in financial literacy: <scp>Cross?country</scp> evidence
KU Leuven|KU Leuven|United Nations University – Maastricht Economic and Social Research Institute on Innovation and Technology|Maastricht University|KU Leuven|European Commission
abstract paper examines effect national culture adult financial literacy levels 12 countries contrary earlier financial literacy studies results directly comparable across countries given use standardized oecdinfe financial literacy survey data hofstedes 2001 cultural dimensions capture financial literacy national culture line financial socialization theory find uncertainty avoidance positively influences financial literacy individualism negatively influences financial literacy conclude national culture affects financial literacy important account cultural dimensions future international financial literacy research