Culture and Household Saving

Guin, Benjamin

doi:10.2139/ssrn.2698872

Cited by 32 publications

(39 citation statements)

References 68 publications

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“…Our findings relate to the literature of the effect of culture on financial behavior (Haliassos et al, 2017;Fuchs-Schundeln et al, 2017;and Guin, 2017) by indicating that debt behaviour can be influenced by culture.…”

Section: Discussionsupporting

confidence: 88%

Attitudes Toward Debt and Debt Behavior

Almenberg¹,

Lusardi²,

Säve‐Söderbergh³

et al. 2018

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The authors wish to thank the Swedish Research Council (grant 421-2011-2094) and the Swedish Financial Supervisory Agency for generous financial support. They also gratefully acknowledge financial support from the European Investment Bank Institute through its EIBURS initiative and the Handelsbanken research foundation (Jan Wallanders och Tom Hedelius stiftelse). The findings, interpretations, and conclusions presented in this article are entirely those of the authors and should not be attributed in any manner to the European Investment Bank or its Institute. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

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Section: Discussionsupporting

confidence: 88%

Attitudes Toward Debt and Debt Behavior

Almenberg¹,

Lusardi²,

Säve‐Söderbergh³

et al. 2018

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“…This evidence holds across countries as well as within linguistically heterogenous countries. The linguistic‐savings hypothesis is confirmed in studies of household saving behaviour by Guin () and Paule‐Paludkiewicz et al . ().…”

Section: Existing Evidencementioning

confidence: 53%

“…Studies based on cases of single multilingual countries such as Belgium (Su et al ., ), Canada (Chen et al ., ) and Switzerland (Chen et al ., ; Guin, ) have also recently emerged in the literature. By estimating language effects at smaller geographic scope, these approaches potentially allow to control more extensively for unobserved heterogeneity.…”

mentioning

confidence: 99%

Linguistic Structures and Economic Outcomes

Weber

Mavisakalyan

2017

Journal of Economic Surveys

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Linguistic structures have recently started to attract attention from economists as determinants of economic phenomena. This paper provides the first comprehensive review of this nascent literature and its achievements so far. First, we explore the complex connections between language, culture, thought and behaviour. Then, we summarize the empirical evidence on the relationship between linguistic structures and economic and social outcomes. We follow up with a discussion of data, empirical design and identification. The paper concludes by discussing implications for future research and policy.

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“…At 0 -the language border -the treatment status suddenly changes (e.g. Eugster et al, 2011 andGuin, 2017). We perform this strategy in a robustness check (Appendix 3).…”

Section: Methodsmentioning

confidence: 99%

“…Both studies show that the differences persist even within groups with the same economic fundamentals. Guin (2017) documents that German-speaking households are more likely to save and less prone to spend excessively compared to Frenchspeaking households.…”

Section: Institutional Backgroundmentioning

confidence: 99%

Culture and Financial Literacy

2017

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We study the effect of culture on financial literacy by comparing secondary-school students along the German-French language border within Switzerland. We find that students in the Frenchspeaking area have a lower level of financial literacy than students in the German-speaking area. The difference in financial literacy across the language groups is mainly observed for native students and less among bilingual or immigrant students. This supports the hypothesis that cultural differences rather than differences in school curricula or school quality are driving the observed effect. A mediation analysis suggests that the cultural divide in financial literacy is mainly related to systematic differences in financial socialisation across the language groups. Students in the German speaking region are more likely to receive pocket money at an early age, more likely to have a bank account and are more likely to have independent access to a bank account.

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Culture and Household Saving

Cited by 32 publications

References 68 publications

Attitudes Toward Debt and Debt Behavior

Attitudes Toward Debt and Debt Behavior

Linguistic Structures and Economic Outcomes

Culture and Financial Literacy

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