Финансовая грамотность россиян: взаимосвязь с социально-демографическими и психологическими характеристиками

Вопросы экономики. 2024. № 9. С. 107–137.

Kuzina O. E., Abduramanov A., Моисеева Д. В.

The goal of the study is to reveal the relationship between the financial literacy of Russians and socio-demographic and psychological factors using data from three waves of the All-Russian Panel Survey of Consumer Finances (2018, 2020 and 2022). Fixed effects regression shows that the age of an individual is related non-linearly with financial literacy and the profile has the inverted U-shape. The association of education with financial literacy is positive: respondents with specialized secondary and higher education are more financially literate compared to people with general secondary education or lower. Income, Internet use, the presence of a spouse, paid employment, and a bank account are also positively related to financial literacy. Individuals with higher risk appetite, low ability to control their emotions, and short-term time preferences are worse literate in personal finance. Robustness tests allowed us to conclude that the influence of gender on the level of financial literacy in Russia is insignificant.

Keywords: financial literacy, финансовое поведение домохозяйств, financial behaviour of households, финансовая грамотность населения, financial knowledge, panel regression with fixed effects, финансовые знания, панельная регрессия с фиксированными эффектами

Publication based on the results of: Russians’ Daily Social Practices under Exogenous Shocks (2024)