5th Stochastic Modeling Techniques and Data Analysis International Conference with Demographics Workshop -SMTDA2018 - Book of Abstracts

Paola Iannello, Alessandro Antonietti, Emanuela Emilia Rinaldi, Paola Bognini, Mariangela Zenga

Risultato della ricerca: Contributo in libroContributo a convegno

Abstract

The assessment of financial literacy levels is nowadays widely recognized as necessary to both design effective financial education and evaluate its actual impact. Nevertheless, financial literacy has been assessed through different methodological approaches across studies. To address the lack of a common and agreed upon methodology to measure financial literacy, in 2011 the OECD-INFE network developed a core questionnaire [1] to be administered across a wide range of countries. The present paper focuses on the assessment approach used to evaluate financial literacy among the Italian adult population through the administration of the OECD-INFE questionnaire. The study proposes alternative methods – Item Response Theory and Classification and Regression Trees – to treat the survey data, thus showing that different methods to analyze data could lead to diverse outputs. The study highlights the crucial role that the methodology issue plays in assessing financial literacy. Specifically, the paper suggests that financial literacy research should open up to alternative and new methodological approach in order to obtain ever more reliable measures of financial literacy, genuinely able to capture and effectively address the educational needs of different population groups.
Lingua originaleEnglish
Titolo della pubblicazione ospiteThe challenge of assessing financial literacy: when methodology could make a difference
Pagine25
Numero di pagine1
Stato di pubblicazionePubblicato - 2018
Evento5th Stochastic Modeling Techniques and Data Analysis International Conference with Demographics Workshop -SMTDA2018 - Creta
Durata: 12 giu 201815 giu 2018

Convegno

Convegno5th Stochastic Modeling Techniques and Data Analysis International Conference with Demographics Workshop -SMTDA2018
CittàCreta
Periodo12/6/1815/6/18

Keywords

  • assessment
  • financial literacy

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