Does rural Households’ financial literacy affect the household portfolio choices in poverty alleviation areas?

Xuejun Guo, Xiaoxi Guo and Haoran Guan

Economic Analysis and Policy, 2025, vol. 85, issue C, 1550-1562

Abstract: This study investigates the influence of financial literacy on rural households' portfolio decisions in poverty alleviation regions. Findings reveal that enhanced financial literacy significantly increases both the extent and depth of households' engagement with financial risk assets. Financial literacy, encompassing knowledge, behavior, and attitudes, shapes investment approaches, with rural households often displaying conservative tendencies. Additionally, E-commerce promotion supports market participation, underscoring "wealth" and "identity" effects in portfolio choices, though without a noticeable "crowding-out effect" on venture capital investments.

Keywords: Financial literacy; Household portfolio choices; Inclusive finance; Poverty alleviation areas; Farmers (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:85:y:2025:i:c:p:1550-1562

DOI: 10.1016/j.eap.2025.02.013

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