nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2024–12–09
three papers chosen by
Viviana Di Giovinazzo, Università degli Studi di Milano-Bicocca


  1. Mortgage stress tests and household financial resilience under monetary policy tightening By Jonathan Hartley; Nuno Paixão
  2. Data Literacy Assessment - Measuring Data Literacy Competencies to Leverage Data-Driven Organizations By Lara Pörtner; Vivian Klaassen; Dilara Sezgin; Ysaline Kievits
  3. Social Capital, Financial Support and Housing for Immigrants in the UK By Yi Wu; Kusum Mundra

  1. By: Jonathan Hartley; Nuno Paixão
    Abstract: This note analyzes mortgage stress tests, a macroprudential tool. We find that when mortgage stress tests are applied to all mortgage purchase originations, they improve credit quality and reduce credit and house price growth. They also improve the resilience of borrowers to financial shocks, such as the large increase in interest rates during 2022–23.
    Keywords: Credit and credit aggregates; Financial institutions; Financial system regulation and policies; Monetary policy
    JEL: E5 E52 G2 G21 G28 G5 G50 G51
    Date: 2024–11
    URL: https://d.repec.org/n?u=RePEc:bca:bocsan:24-25
  2. By: Lara Pörtner (G-SCOP - Laboratoire des sciences pour la conception, l'optimisation et la production - CNRS - Centre National de la Recherche Scientifique - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes, G-SCOP_COSYS - Conception Systémique: Homme, Environnement, Technologies - G-SCOP - Laboratoire des sciences pour la conception, l'optimisation et la production - CNRS - Centre National de la Recherche Scientifique - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes); Vivian Klaassen; Dilara Sezgin; Ysaline Kievits
    Abstract: In today's rapidly evolving data-driven landscape, the ability to understand, analyze, and interpret data is more important than ever. With an everincreasing amount of data being generated and collected at an unprecedented rate, both individuals and organizations are forced to develop a high level of data literacy. Data literacy, as the ability to work with, analyze, understand, use, and argue with data, is therefore the key not to drown in data. A detailed data literacy assessment can provide companies with a significant advantage and push their daily and data-related activities to a mature level. A literature review of existing data literacy frameworks with their competencies underscore the need for a flexible and adaptable approach to data literacy that considers the diverse needs and contexts of different stakeholders. While there is no one-size-fits-all assessment, the frameworks outlined in this review provide a useful starting point for developing a common language and set of data literacy skills. The purpose of this paper is to put an accent on the importance of data literacy by introducing an assessment of competencies applicable in different industry sectors that can sustainably support companies to make them realize the need for data literacy and for leveraging their skills. The competencies as part of a data literacy framework as a whole will be applied and validated in different industry sectors for continuous improvement in future research.
    Keywords: Data-Driven Organizations Data Literacy Framework Maturity Assessment Data Management, Data-Driven Organizations, Data Literacy Framework, Maturity Assessment, Data Management
    Date: 2024
    URL: https://d.repec.org/n?u=RePEc:hal:journl:hal-04764249
  3. By: Yi Wu; Kusum Mundra
    Abstract: Immigrant homeownership is an important factor for immigrant’s integration and assimilation for any large immigrant receiving country and there is increasing evidence on the role of social capital on housing outcomes as well as other financial well-being of immigrant groups. This paper uses detail and rich UK data from the Household Longitudinal Study (UKLS) to first, measure social capital in various dimensions using rich micro level data from the UK and then further identify the channels through which networks operate for immigrant groups and the strength of these networks. Second, this paper looks at what is the role of social capital on immigrant homeownership in the UK. We found that immigrants weak ties, proportion of close friends, plays strong role in financial support for the immigrants.
    Keywords: Financial help; Homeownership; Social Capital; UK immigrants
    JEL: R3
    Date: 2024–01–01
    URL: https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-238

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