Katie’s Questions on Financial Practices research
1) Logistic regression and causality (look at page 316 of Hilgert and Hogarth, 2003).
2) Important idea to look at: “hierarchy” of financial practices. Hilgert and Hogarth discuss a hierarchy that goes from cash flow management, to credit, to savings, to investment. Buckland et al., in their literature review, discuss Lusardi’s concept of “basic” versus “advanced” literacies – she says that people with low income do not need advanced literacy. How does this inform policy/interventions for low income people? (This is more of a rhetorical question – an idea that we can return to later on).
3) Look at concept of statistical significance.