TY - JOUR
T1 - Adolescents’ and young adults' naïve understandings of the economic crisis
AU - Berti, Anna Emilia
AU - Ajello, Anna Maria
AU - Aprea, Carmela
AU - Castelli, Ilaria
AU - Lombardi, Elisabetta
AU - Marchetti, Antonella
AU - Massaro, Davide
AU - Sappa, Viviana
AU - Valle, Annalisa
PY - 2017
Y1 - 2017
N2 - Over the last decade, Financial Literacy (FL) and interventions aimed at improving it, that is Financial Education (FE), have been the focus of increased attention from economists, governments, and international organizations such as the world Bank and OECD, but much less by scholars in the fields of Learning and Instruction. We examined open-ended written answers on the causes of the economic crisis that started in 2007-2008, as given by 381 Italian secondary school and university students, and 268 Swiss Italian-speaking secondary school students. Most Italian students mentioned internal political causes (i.e., corrupt politicians or inefficiency of the government), whereas Swiss students mentioned banks more often. International factors were rarely mentioned by either group, and explanations were generally very poor, listing a few causes without making connections between them. These findings indicate the need for economics education aimed at making people more knowledgeable of the workings of the economic system and the effects of financial systems on the real economy.
AB - Over the last decade, Financial Literacy (FL) and interventions aimed at improving it, that is Financial Education (FE), have been the focus of increased attention from economists, governments, and international organizations such as the world Bank and OECD, but much less by scholars in the fields of Learning and Instruction. We examined open-ended written answers on the causes of the economic crisis that started in 2007-2008, as given by 381 Italian secondary school and university students, and 268 Swiss Italian-speaking secondary school students. Most Italian students mentioned internal political causes (i.e., corrupt politicians or inefficiency of the government), whereas Swiss students mentioned banks more often. International factors were rarely mentioned by either group, and explanations were generally very poor, listing a few causes without making connections between them. These findings indicate the need for economics education aimed at making people more knowledgeable of the workings of the economic system and the effects of financial systems on the real economy.
KW - Economic crisis
KW - Financial Education
KW - Financial Literacy
KW - Lay explanations
KW - Psychology (all)
KW - Secondary school
KW - Student's conceptions
KW - University students
KW - Economic crisis
KW - Financial Education
KW - Financial Literacy
KW - Lay explanations
KW - Psychology (all)
KW - Secondary school
KW - Student's conceptions
KW - University students
UR - http://hdl.handle.net/10807/99318
UR - http://ejop.psychopen.eu/article/download/1187/pdf
U2 - 10.5964/ejop.v13i1.1187
DO - 10.5964/ejop.v13i1.1187
M3 - Article
SN - 1841-0413
VL - 13
SP - 143
EP - 161
JO - Europe's Journal of Psychology
JF - Europe's Journal of Psychology
ER -