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

Autor:	Domingo P. Ximénez-de-Embún, María-Jesús Mancebón, José-María Gómez-Sancho
Rok vydání:	2015
Předmět:	Selection bias education.field_of_study Actuarial science media_common.quotation_subject education Multilevel model Population School choice Promotion (rank) Political science Financial literacy Demographic economics Internal validity Socioeconomic status media_common
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.2612606
Popis:	This paper aims to disentangle the factors determining the financial skills of young people in order to inspire effective policies aimed at improving the financial literacy of the population. PISA 2012 data is used. Special attention is paid to the sample selection and simultaneity biases that threaten the internal validity of the estimations. Our results show that the most important determinants of financial literacy of students are mathematical skills. Household socioeconomic level also has a statistically significant effect. School management model (public versus private) does not display any significant effect on the promotion of the financial culture of students.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2cdbd6ec79414343e486b440bb90bb09 https://doi.org/10.2139/ssrn.2612606 Zobrazit plný text záznamu