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Assessing financial literacy in 12 countries: an OECD/INFE international pilot exercise

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  • ATKINSON, ADELE
  • MESSY, FLORE-ANNE

Abstract

The OECD International Network on Financial Education has addressed the demand for an internationally comparable measure of financial literacy by developing a financial literacy questionnaire that can be used across a diverse range of countries. This questionnaire takes into account knowledge, behaviours, and attitudes related to personal finance and is designed to identify similarities and differences in levels of financial literacy around the world. It is currently being piloted in 12 countries, with the expectation that the final survey instrument will become a useful tool for policy-makers, academics, and financial education programme designers seeking to identify robust questions to assess financial literacy.

Suggested Citation

  • Atkinson, Adele & Messy, Flore-Anne, 2011. "Assessing financial literacy in 12 countries: an OECD/INFE international pilot exercise," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(04), pages 657-665, October.
  • Handle: RePEc:cup:jpenef:v:10:y:2011:i:04:p:657-665_00
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    Cited by:

    1. Farrell, Lisa & Fry, Tim R.L. & Risse, Leonora, 2016. "The significance of financial self-efficacy in explaining women’s personal finance behaviour," Journal of Economic Psychology, Elsevier, vol. 54(C), pages 85-99.
    2. Irina Kunovskaya & Brenda Cude & Natalia Alexeev, 2014. "Evaluation of a Financial Literacy Test Using Classical Test Theory and Item Response Theory," Journal of Family and Economic Issues, Springer, vol. 35(4), pages 516-531, December.
    3. Lazarus, Jeanne, 2016. "The issue of financial literacy: Low finance between risk and morality," economic sociology_the european electronic newsletter, Max Planck Institute for the Study of Societies, vol. 17(3), pages 27-34.
    4. Leiser, David & Benita, Rinat & Bourgeois-Gironde, Sacha, 2016. "Differing conceptions of the causes of the economic crisis: Effects of culture, economic training, and personal impact," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 154-163.
    5. Zuzana Brokesova & Andrej Cupak & Gueorgui Kolev, 2017. "Financial literacy and voluntary savings for retirement in Slovakia," Working and Discussion Papers WP 10/2017, Research Department, National Bank of Slovakia.
    6. Lupu Dan, 2014. "The Impact Of Abusive Clauses Litigations On Profitability Of Romanian Banks," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 81-87, October.
    7. Agarwal, Sumit & Amromin, Gene & Ben-David, Itzhak & Chomsisengphet, Souphala & Evanoff, Douglas D., 2015. "Financial literacy and financial planning: Evidence from India," Journal of Housing Economics, Elsevier, vol. 27(C), pages 4-21.
    8. Andrej Cupak & Pirmin Fessler & Maria Silgoner & Elisabeth Ulbrich, "undated". "Financial literacy gaps across countries: the role of individual characteristics and institutions," Working and Discussion Papers WP 2/2018, Research Department, National Bank of Slovakia.
    9. Azwadi Ali & Mohd Rahman & Alif Bakar, 2015. "Financial Satisfaction and the Influence of Financial Literacy in Malaysia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(1), pages 137-156, January.

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