Schooling, numeracy, and wealth accumulation: A study involving an agrarian population

Accumulating wealth is one of the main concerns for consumers. Higher education is widely associated with higher wealth, but the underlying reasons for this association remain unclear. Using data from a field study conducted with 218 adults in agrarian communities in Peru's Andean highlands, we...

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Autores Principales: Estrada¿Mejía, C., Peters, E., Dieckmann, N., Zeelenberg, M., Vries de M., Baker, D.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: 2020
Materias:
Acceso en línea:http://hdl.handle.net/1992/47116
id ir-1992-47116
recordtype dspace
spelling ir-1992-471162020-11-04T20:27:13Z Schooling, numeracy, and wealth accumulation: A study involving an agrarian population Estrada¿Mejía, C. Peters, E. Dieckmann, N. Zeelenberg, M. Vries de M. Baker, D. Schooling Numeracy Wealth accumulation Agrarian population Accumulating wealth is one of the main concerns for consumers. Higher education is widely associated with higher wealth, but the underlying reasons for this association remain unclear. Using data from a field study conducted with 218 adults in agrarian communities in Peru's Andean highlands, we explored the extent to which education, non¿numeric fluid intelligence, crystallized intelligence, and numeracy skills were related to wealth. Wealth was measured using data on asset ownership (e.g., owning a fridge) and housing characteristics (e.g., toilet facilities). Structural equation modeling revealed that the level of schooling was associated with greater numeracy as well as greater non¿numeric fluid and crystallized intelligence; only greater numeracy was associated with greater wealth. Our findings are consistent with the idea that education is linked with financial outcomes, at least in part, through the enhancement of cognitive skills, particularly numeracy that then leads to greater wealth accumulation. 2020-10-01T16:53:41Z 2020-10-01T16:53:41Z 2019 article publishedVersion http://hdl.handle.net/1992/47116 10.1111/joca.12294 https://doi.org/10.1111/joca.12294 eng openAccess application/pdf instname:Universidad de los Andes reponame:Repositorio Institucional Séneca
institution Universidad de los Andes
collection DSpace
language Inglés (English)
topic Schooling
Numeracy
Wealth accumulation
Agrarian population
spellingShingle Schooling
Numeracy
Wealth accumulation
Agrarian population
Estrada¿Mejía, C.
Peters, E.
Dieckmann, N.
Zeelenberg, M.
Vries de M.
Baker, D.
Schooling, numeracy, and wealth accumulation: A study involving an agrarian population
description Accumulating wealth is one of the main concerns for consumers. Higher education is widely associated with higher wealth, but the underlying reasons for this association remain unclear. Using data from a field study conducted with 218 adults in agrarian communities in Peru's Andean highlands, we explored the extent to which education, non¿numeric fluid intelligence, crystallized intelligence, and numeracy skills were related to wealth. Wealth was measured using data on asset ownership (e.g., owning a fridge) and housing characteristics (e.g., toilet facilities). Structural equation modeling revealed that the level of schooling was associated with greater numeracy as well as greater non¿numeric fluid and crystallized intelligence; only greater numeracy was associated with greater wealth. Our findings are consistent with the idea that education is linked with financial outcomes, at least in part, through the enhancement of cognitive skills, particularly numeracy that then leads to greater wealth accumulation.
format Artículo (Article)
author Estrada¿Mejía, C.
Peters, E.
Dieckmann, N.
Zeelenberg, M.
Vries de M.
Baker, D.
author_facet Estrada¿Mejía, C.
Peters, E.
Dieckmann, N.
Zeelenberg, M.
Vries de M.
Baker, D.
author_sort Estrada¿Mejía, C.
title Schooling, numeracy, and wealth accumulation: A study involving an agrarian population
title_short Schooling, numeracy, and wealth accumulation: A study involving an agrarian population
title_full Schooling, numeracy, and wealth accumulation: A study involving an agrarian population
title_fullStr Schooling, numeracy, and wealth accumulation: A study involving an agrarian population
title_full_unstemmed Schooling, numeracy, and wealth accumulation: A study involving an agrarian population
title_sort schooling, numeracy, and wealth accumulation: a study involving an agrarian population
publishDate 2020
url http://hdl.handle.net/1992/47116
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score 11,828437