What Determines the Financial Literacy of Young People? An Analysis from PISA 2012

Mancebón, María Jesús; Ximénez-de-Embún, Domingo P.; Gómez-Sancho, José María

doi:10.2139/ssrn.2612606

Cited by 3 publications

(3 citation statements)

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“…Fonseca [36] argue that gender has in the United States affect the level of financial literacy because men usually carried out within the household financial decisions, while women are generally focus on other responsibilities in the home. Also Franczek and Klimontowicz [37] and Mancebón et al [38] concluded that gender has an effect on financial decision according to their research. 2 SGS -secondary grammar schools, SVC -secondary vocational colleges, IRS -index of respondents' successfulness, FI -facility index, DI -discrimination index, rpb -point biserial correlation coefficient, *statistically significant differences at the alpha level of 0.05.…”

Section: Resultsmentioning

confidence: 95%

Numeracy as a Part of Financial Literacy: Student Case Study in Slovakia

Drábeková

Rumanová

Pavlovičová

2022

Int. J. Emerg. Technol. Learn.

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The paper reveals the issue of financial literacy in school education in the Slovakia. We focus on key competencies of students from the perspective of the issue, also point out connection between numerical skills and financial literacy. We think that is necessary to increase numeracy skills because is a strong relationship between numeracy and financial literacy, means also to improve financial literacy. We are also considering improving the number and financial literacy, while conducting a questionnaire survey in two Slovak University. We focused on different parts of numeracy as a part of financial literacy for ex-ample financial knowledge, choosing and using financial products and services during created questions. The conclusions contain our findings and observations related to the support of numerical literacy in the teaching process.

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Section: Resultsmentioning

confidence: 95%

Numeracy as a Part of Financial Literacy: Student Case Study in Slovakia

Drábeková

Rumanová

Pavlovičová

2022

Int. J. Emerg. Technol. Learn.

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“…The obtained values show a beneficial effect of female gender on the ability to solve financial tasks (see Table 2, Table 3). Mancebón et al [7] according to their research claim that gender is a factor which affects the level of financial literacy. In their research they observed better scores of girls than boys.…”

Section: Resultsmentioning

confidence: 99%

“…A growing number of countries OECD have developed and have implemented national strategies for financial education in order to improve the financial literacy of their populations. Financial literacy requires familiarity with fundamental concepts from economics and finance [5], practical experience, and the ability to apply the knowledge one has gained [6,8], and the ability to perform a range of elementary mathematical computations such as calculating simple and compound interest or depreciation [1,5,7]. The ability to use mathematical tools to solve numerical tasks in financial decision making (numerical literacy) goes "hand to hand" with financial literacy [4].…”

Section: Introductionmentioning

confidence: 99%

The ability to apply numerical concepts in financial tasks

Drábeková¹,

Kecskés²,

Dídová³

2018

MERAA

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Person's capability to manage financial issues has become important in today's world. Mathematical knowledge is a part of consumer and financial literacy. According the OECD study, there is a high correlation between financial literacy and mathematics. The aim of the paper is to examine the impact of gender, level of education and age on the ability to use mathematical tools to solve financial tasks in a sample of population. The examined sample consisted of 350 inhabitants of the Galanta region in the Slovak Republic. We distributed a questionnaire which consisted of 6 multiple choice questions (financial tasks focused on ability to calculate the value added tax and gross income, to use the exchange rate list, to compare the offers of insurance companies, to calculate simple interest). We found statistically significant differences in the answers of respondents according to their gender, level of education and also age. Respondents of both genders were most successful in calculation of the value added tax and in use of simple interest.

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Financial Inclusion: An Overview of its Various Dimensions and the Initiatives to Enhance its Current Level

Gortsos

2015

SSRN Journal

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What Determines the Financial Literacy of Young People? An Analysis from PISA 2012

Cited by 3 publications

References 58 publications

Numeracy as a Part of Financial Literacy: Student Case Study in Slovakia

Numeracy as a Part of Financial Literacy: Student Case Study in Slovakia

The ability to apply numerical concepts in financial tasks

Financial Inclusion: An Overview of its Various Dimensions and the Initiatives to Enhance its Current Level

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