| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089519 | Journal of Banking & Finance | 2012 | 16 Pages |
Abstract
⺠We examine financial literacy and investment behavior of Indian households. ⺠Backward castes tend to be less aware of financial instruments than other castes. ⺠Financial literacy is positively related to social interaction. ⺠Individuals belonging to backwards castes benefit less from social interaction. ⺠Social interaction and caste affiliation do not seem to directly affect investment behavior.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Werner Bönte, Ute Filipiak,