The effect of expected changes in future income on consumption (Hebrew)

Publications

Omer Glass

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2012

Many studies have indicated that lack of financial literacy harmed the ability of individuals to make and carry out rational financial decisions. The present study examined the question: “How does the individual respond to changes in his expected income in the event that it is known to him?” The findings showed that low financial literacy is related to the inability to adjust the level of current savings in response to changes in the expected future income, making it difficult for actual implementation of economic decisions that were made.

Research Synopsis, Insurance and Financial Literacy Research Center.

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