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Autor(en):
Bucher-Koenen, Tabea; Lamla, Bettina 
Titel:
The Long Shadow of Socialism: On East-West German Differences in Financial Literacy 
Abstract:
We use the German reunification as a natural experiment to understand drivers of financial literacy accumulation. With the transformation from a planned to a market-based economy in 1990, the incentives to invest in financial literacy were changed exogenously for East Germans and remained the same for West Germans. Our results show that even 20 years after reunification there is evidence for a significant financial literacy gap between East and West. While some groups, for instance women and tho...    »
 
Stichworte:
Arbeitspapier/Diskussionspapier 
Jahr:
2014