Table 5.
Distinguishing different dimensions: the impact of household financial literacy on relative poverty.
| Poverty | Poverty | Poverty | Vulnerability | Vulnerability | Vulnerability | |
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |
| Financial knowledge | −0.0937*** | −0.0918** | −0.2750*** | −0.2428*** | ||
| (0.0175) | (0.0153) | (0.0238) | (0.0217) | |||
| Financial behavior | 0.0076 | −0.0048 | 0.0726* | −0.0635 | ||
| (0.0185) | (0.0116) | (0.0372) | (0.0329) | |||
| Control variable | Yes | Yes | Yes | Yes | Yes | Yes |
| Province fixed effect | Yes | Yes | Yes | Yes | Yes | Yes |
| Observations | 10,846 | 10,846 | 10,846 | 10,846 | 10,846 | 10,846 |
*, **, and *** denote significant at 10, 5, and 1 levels, respectively. The standard errors are reported in parentheses.