Social networks and financial literacy: From the perspective of educational inter-generational mobility

Bei Cheng and Tiean Li

Finance Research Letters, 2025, vol. 81, issue C

Abstract: Using data from the China Household Finance Survey, this paper empirically investigates the connections between social networks, intergenerational educational mobility, and the financial literacy of Chinese residents. The findings demonstrate that stronger social networks significantly enhance respondents' financial literacy. Additionally, moderating effects analysis shows that intergenerational educational mobility positively impacts the relationship between social networks and financial literacy. Further subgroup regression analysis reveals that the positive influence of social networks on financial literacy is particularly pronounced in regions with lower levels of marketization.

Keywords: Social networks; Educational intergenerational mobility; Financial literacy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325003691

DOI: 10.1016/j.frl.2025.107106

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