Financial Literacy among Working Young in Urban India

Sobhesh Kumar Agarwalla, Samir K. Barua, Joshy Jacob and Jayanth Varma

No WP2013-10-02, IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: The paper reports investigation of a study on the influence of various socio-demographic factors on different dimensions of financial literacy among the working young in urban India. While the influence of several factors such as gender, education and income is similar to what has been reported in other contexts, a few factors specific to India, such as joint-family and consultative decision making process are found to significantly influence financial literacy. The study also investigates the relationship between the dimensions of financial literacy. Adding to the growing empirical understanding of financial literacy across countries, the study provides an analytical basis for enunciating policy for enhancing financial literacy of youth in India.

Keywords: Financial Literacy; Financial Knowledge; Financial Behavior; Financial Attitude; Youth; India JEL classifications: D91; D140 (search for similar items in EconPapers)
Date: 2013-10-11
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Citations: View citations in EconPapers (16)

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Related works:
Journal Article: Financial Literacy among Working Young in Urban India (2015)
Working Paper: Financial Literacy among Working Young in Urban India (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:12133

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