Financial literacy in South Africa

dc.contributor.author	Nanziri, Lwanga Elizabeth
dc.contributor.author	Olckers, Matthew
dc.date.accessioned	2019-04-03T11:44:09Z
dc.date.available	2019-04-03T11:44:09Z
dc.date.issued	2019-01
dc.identifier.citation	Nanziri, L.W., Olckers, M. (2019). Financial Literacy in South Africa. Cape Town: SALDRU, UCT. (SALDRU Working Paper Number 242 Version 1/ NIDS Discussion Paper 2019/9)
dc.identifier.isbn	978-1-928516-03-3
dc.identifier.uri	http://www.opensaldru.uct.ac.za/handle/11090/957
dc.description.abstract	We analyse measures of financial literacy, included in the NIDS survey for the first time in Wave 5. South Africa follows patterns found in other countries. Less educated and low income respondents display low levels of financial literacy. Most countries have large gender gaps in financial literacy while the gender gap is absent in South Africa. Controlling for a number of socio-demographic variables, financial literacy is positively related to ownership of a pension and of mutual funds, stocks, or shares.	en_US
dc.description.sponsorship	Funding for this research from the Department of Planning, Monitoring and Evaluation is gratefully acknowledged.	en_US
dc.language.iso	en	en_US
dc.relation.ispartofseries	Saldru Working Paper;242
dc.title	Financial literacy in South Africa	en_US
dc.type	Working Paper	en_US

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