Extending financial literacy to insurance literacy: a survey approach

被引：31

作者：

Lin, Xi ^{[1
]}

Bruhn, Aaron ^{[2
]}

William, Jananie ^{[2
]}

机构：

[1] Taylor Fry, Sydney, NSW, Australia

[2] Australian Natl Univ, Coll Business & Econ, Res Sch Finance Actuarial Studies & Stat, Canberra, ACT, Australia

来源：

ACCOUNTING AND FINANCE | 2019年 / 59卷

关键词：

Financial literacy; Insurance literacy; Financial education; Actuarial education; Behavioural biases; HEURISTICS; ATTITUDES;

D O I：

10.1111/acfi.12353

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We extend behavioural research in investment and retirement savings to insurance, by investigating factors that may influence individuals' insurance decision making. These factors include financial literacy, specialist insurance education and some behavioural biases. Based on a definition of insurance literacy that requires both having, and applying insurance knowledge, we find from a survey of postgraduate students that financial literacy does not necessarily translate to insurance literacy, whereas more specialised education can improve insurance literacy. Results also indicate specialist education potentially reduces susceptibility to anchoring effects.

引用

收藏

页码：685 / 713

页数：29

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