Managing digital assets on death and disability: An examination of the determinants of digital asset planning literacy

Adam Steen, Chris Graves, Steven D’Alessandro and Henry X. Shi
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Adam Steen: Deakin University, Burwood, VIC, Australia
Chris Graves: The University of Adelaide, Adelaide, SA, Australia
Steven D’Alessandro: Edith Cowan University, Joondalup, WA, Australia
Henry X. Shi: The University of Adelaide, Adelaide, SA, Australia

Australian Journal of Management, 2024, vol. 49, issue 4, 561-580

Abstract: Despite its increasing importance, digital financial literacy (DFL) is yet to be adequately understood. This article reports on one aspect of DFL, namely, digital asset planning literacy (DAPL) which is an individual’s awareness of what happens to their digital assets on their death or incapacity. Our results from Australia and Singapore suggest that single, less-educated women are less likely to possess DAPL, and that the number of digital assets is negatively associated with DAPL, while having a Will is positively related to DAPL. With this study, we put forward that financial education should include consumer rights regarding digital financial assets. JEL Classification: D14; G53; G50; J12; J16

Keywords: Digital assets; estate planning; financial literacy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:49:y:2024:i:4:p:561-580

DOI: 10.1177/03128962231157005

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