Titelaufnahme

Titel
Financial literacy and attitudes to redistribution / Alberto Montagnoli (University of Sheffield), Mirko Moro (University of Stirling), Georgios A. Panos (University of Glasgow), Robert E. Wright (University of Strathclyde and IZA) ; IZA, Institute of Labor Economics
VerfasserMontagnoli, Alberto In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Alberto Montagnoli ; Moro, Mirko In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Mirko Moro ; Panos, Georgios A. In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Georgios A. Panos
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Forschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (58 Seiten) : Diagramme
SerieDiscussion paper ; no. 10633
URNurn:nbn:de:hbz:5:2-116406 Persistent Identifier (URN)
Zugriffsbeschränkung
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Volltexte
Financial literacy and attitudes to redistribution [2.66 mb]
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Zusammenfassung

This study combines novel financial-literacy data with measures of attitudes to redistribution from the British Election Study. We find a significant negative relationship between financial literacy and attitudes in favour of government intervention for income redistribution. The effect is robust to several specifications, samples, longitudinal models and instrumental variable regressions. Falsification tests show that these results are independent of generic attitudes towards other types of inequality/discrimination, e.g. based on gender, race or sexual orientation. An inquiry into the mechanisms of the effect indicates that the homo oeconomicus effect does not exert an impact on attitudes to redistribution for the less financially literate.