Household green finances: demand in focus

András Bethlendi and András Póra ()

Public Finance Quarterly, 2021, vol. 66, issue 3, 311-336

Abstract: Based on a retail questionnaire survey conducted in the framework of the BME-MNB cooperation we aimed to answer to the following main research questions: 1) how the households’ environmental and financial knowledge and attitudes are related to the demand for green financial products, 2) how significant (price) support shall be used to channel Hungarian consumers towards more sustainable financial products. In addition, we aimed to explore the households’ green and financial knowledge and attitudes. During the study, aggregate indices and indicators were created to study the main issues, which formed the basis of the analysis. The Hungarian population generally has a positive attitude towards environmental protection. Respondents tend to underestimate their green knowledge and their financial knowledge prudence. Education and financial literacy are also the most important in terms of financial and green knowledge and attitudes. Concerning personal green attitude, it can be said that the pragmatism provided by the financial possibilities is decisive in everyday life. Demand for financial products is most affected by pricing, green and financial knowledge indices, and age (demography). Based on the results, only a significant price subsidy could steer domestic consumers towards more sustainable financial products.

Keywords: retail finance; green finance; financial literacy; financial attitude; self-image (search for similar items in EconPapers)
JEL-codes: A13 D14 G50 G53 J11 Q56 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://unipub.lib.uni-corvinus.hu/8609/ (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pfq:journl:v:66:y:2021:i:3:p:311-336

DOI: 10.35551/PFQ_2021_3_1

Access Statistics for this article

More articles in Public Finance Quarterly from Corvinus University of Budapest Contact information at EDIRC.
Bibliographic data for series maintained by Adam Hoffmann ().