Financial literacy in South Africa

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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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