Cognition and Wealth accumulation among Indian households

Ashok Thomas ()
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Ashok Thomas: Indian Institute of Management Kozhikode

No 381, Working papers from Indian Institute of Management Kozhikode

Abstract: In this article, we study the association of cognitive traits and, in particular, numeracy of both spouses on financial outcomes of the family. We find significant effects, particularly for numeracy for financial and non-financial respondents alike, but much larger effects for the financial decision maker in the family. Once again, cognitive traits such as numeracy are an important component of that decision with larger effects of numeracy for financial respondents and stronger when the financial respondent is the husband.

Keywords: Cognition accumulation; Wealth analysis; Indian household (search for similar items in EconPapers)
Pages: 24 pages
Date: 2020-03
New Economics Papers: this item is included in nep-cwa
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