Financial literacy and stock market participation

B-Tier
Journal: Review of Finance
Year: 2022
Volume: 26
Issue: 6
Pages: 1551-1584

Authors (2)

Anders Anderson (not in RePEc) David T Robinson (Duke University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We survey a large sample of Swedish households and connect the responses to administrative data to relate pro-environmental attitudes and values to actual investment decisions. Pro-environment households are not more likely to hold pro-environment portfolios. This results from financial disengagement: they are less likely to own stocks, check pension balances, or make green active retirement planning choices. Green financial engagement is stronger in settings where financial literacy is higher or where informational hurdles are lower. Informational barriers appear to prevent financial market prices and returns from fully reflecting household environmental preferences.

Technical Details

RePEc Handle
repec:oup:revfin:v:26:y:2022:i:6:p:1551-1584.
Journal Field
Finance
Author Count
2
Added to Database
2026-01-29