Journal ArticleDOI
Assessing financial literacy in 12 countries: an OECD/INFE international pilot exercise
Adele Atkinson,Flore-Anne Messy +1 more
Reads0
Chats0
TLDR
The OECD International Network on Financial Education has addressed the demand for an internationally comparable measure of financial literacy by developing a financial literacy questionnaire that can be used across a diverse range of countries as discussed by the authors.Abstract:
The OECD International Network on Financial Education has addressed the demand for an internationally comparable measure of financial literacy by developing a financial literacy questionnaire that can be used across a diverse range of countries. This questionnaire takes into account knowledge, behaviours, and attitudes related to personal finance and is designed to identify similarities and differences in levels of financial literacy around the world. It is currently being piloted in 12 countries, with the expectation that the final survey instrument will become a useful tool for policy-makers, academics, and financial education programme designers seeking to identify robust questions to assess financial literacy.read more
Citations
More filters
Journal ArticleDOI
The Economic Importance of Financial Literacy: Theory and Evidence
TL;DR: An assessment of a rapidly growing body of economic research on financial literacy and thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy are offered.
Journal ArticleDOI
The economic importance of financial literacy: theory and evidence
TL;DR: In this paper, the authors present an assessment of a rapidly growing body of economic research on financial literacy and examine the impact of financial literacy on economic decision-making in the United States and elsewhere.
Journal ArticleDOI
Financial Literacy Around the World: An Overview
TL;DR: Around the world, financial literacy is critical to retirement security and instrumental variables estimates show that the effects of financial literacy on retirement planning tend to be underestimated.
Journal ArticleDOI
Financial Literacy around the World: An Overview
TL;DR: This article showed that financial illiteracy is widespread in both well-developed and rapidly changing markets and women are less financially literate than men, the young and the old are less literately than the middle-aged, and more educated people are more knowledgeable.
Journal ArticleDOI
The significance of financial self-efficacy in explaining women’s personal finance behaviour
TL;DR: In this paper, the authors examined the significance of an individual's financial self-efficacy in explaining their personal finance behavior, through the application of a psychometric instrument, using a 2013 survey of Australian women.
References
More filters
Journal ArticleDOI
Financial Literacy and Stock Market Participation
TL;DR: In this article, the authors evaluated the importance of financial literacy by studying its relation to the stock market: are more financially knowledgeable individuals more likely to hold stocks? To assess the direction of causality, they make use of questions measuring financial knowledge before investing in the stock markets.
Journal ArticleDOI
Financial literacy and stock market participation
TL;DR: In this article, the authors evaluated the importance of financial literacy by studying its relation to the stock market: are more financially knowledgeable individuals more likely to hold stocks? To assess the direction of causality, they make use of questions measuring financial knowledge before investing in the stock markets.
Posted Content
Household Financial Management: The Connection between Knowledge and Behavior
TL;DR: In this paper, the authors focus on four financial management activities (cash-flow management, credit management, saving, and investment) and analyze the connections between knowledge and behavior, finding that those who knew more were more likely to engage in recommended financial practices.
Book
Improving Survey Questions: Design and Evaluation
TL;DR: Questions as Measures An Overview Designing Questions to Gather Factual Data Questions to Measure Subjective States and Assessing the Validity of Survey Questions Question Design and Evaluation Issues in Perspective
Journal ArticleDOI
Measuring Financial Literacy
TL;DR: An overview of the meaning and measurement of financial literacy is presented to highlight current limitations and assist researchers in establishing standardized, commonly accepted financial literacy instruments as mentioned in this paper, which is essential to understand educational impact as well as barriers to effective financial choice.