Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/276210 
Year of Publication: 
2023
Citation: 
[Journal:] Finance Research Letters [ISSN:] 1544-6131 [Issue:] Journal Pre-proof [Article No.:] 104438 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2023 [Pages:] --
Publisher: 
Elsevier, Amsterdam
Abstract: 
Digital financial literacy is an emerging concept that emphasizes necessary knowledge and skills to carry out financial transactions on digital platforms. In this study, we aim to examine the link between digital financial literacy and financial well-being among Korean adults. Using online survey data, this study shows that digital financial literacy is associated with financial well-being, and this association is largely due to financial knowledge and the ability to protect against digital fraud. Digital financial literacy carried larger marginal effects on financial well-being compared to financial knowledge, and demonstrated significant effects across sociodemographic groups. Implications for financial education were discussed.
Subjects: 
digital finance
financial literacy
digital literacy
financial inclusion
financial well-being
South Korea
JEL: 
D14
G50
G53
I31
O53
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Manuscript Version (Preprint)
Appears in Collections:

Files in This Item:
File
Size
385.87 kB
414.9 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.