首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Financial literacy and savings decisions by adult financial consumers in Zimbabwe
Authors:Conrad Murendo  Kingstone Mutsonziwa
Institution:1. International Crops Research Institute for the Semi‐Arid Tropics, Bulawayo, Zimbabwe;2. FinMark Trust, South Africa
Abstract:We use survey data from a sample of 4000 adult financial consumers in Zimbabwe to analyse the determinants of financial literacy and its effect on individual's savings decisions. Results show that women have lower financial literacy than men. Furthermore, individuals' residing in rural areas exhibit lower financial literacy compared with urban financial consumers. Financial literacy and financial services interventions targeting women and rural individuals should be strengthened. Econometric results show that financial literacy positively influences savings behaviour for both rural and urban individuals. Furthermore, financial literacy positively influences informal and formal savings. Policy interventions that foster financial literacy are needed to improve individuals saving behaviours.
Keywords:Financial consumers  financial literacy  savings behaviour  Zimbabwe
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号