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Alfabetismo financiero en jóvenes mexicanos de 15 a 18 años

Author

Listed:
  • F. Alejandro Villagómez

    (Division of Economics, CIDE)

Abstract

In an increasingly complex world, individuals have a more limited ability to take optimal decisions due to the lack of knowledge of basic financial concepts. This leads to severe mistakes in key decisions throughout an individual's life. Moreover, financial illiteracy is greater in the young population, which is financially less sophisticated. Since 2012, the OECD included a fourth section on financial literacy in the PISA test. In this paper we study the level of financial literacy of Mexicans between 15 and 18 years old attending high schooñ. We designed a survey following the OECD methodology and the approach of Lusardi and Mitchell, and applied it to students in Mexico City as well as the State of Mexico. In general, the results show low levels of financial literacy, mainly in women and students in the public school system.

Suggested Citation

  • F. Alejandro Villagómez, 2014. "Alfabetismo financiero en jóvenes mexicanos de 15 a 18 años," Working papers DTE 575, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte575
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE575.pdf
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    More about this item

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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