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Financial Knowledge and Financial Literacy at the Household Level (PDF)
University of Michigan Retirement Research Center [MRRC] Oct. 5, 2010 52 pages. Excerpt: This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. [Working paper no. 2010-223] |
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