Financial literacy's effect on elicited subjective discount rate

Eyal Lahav (), Mosi Rosenboim () and Tal Shavit ()
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Eyal Lahav: The School of Business Administration, The College of Management Academic Studies, Israel

Economics Bulletin, 2015, vol. 35, issue 2, 1360-1368

Abstract: Financial illiteracy is a well-known, international problem. The current study investigates if learning basic fundamentals of cash flow capitalization affects time preference. The findings indicate that this knowledge does dramatically decrease preference for the present.

Keywords: Time preference; Financial Literacy; Subjective discount rate (search for similar items in EconPapers)
JEL-codes: D9 (search for similar items in EconPapers)
Date: 2015-06-08
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Citations: View citations in EconPapers (8)

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