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Does formal and business education expand the levels of financial education?

Author

Listed:
  • Ana Luiza Paraboni
  • Fabricio Michell Soares
  • Ani Caroline Grigion Potrich
  • Kelmara Mendes Vieira

Abstract

Purpose - Financial education has become an essential component of the economic balance for families, and much is being discussed about the methods, which raise the levels of financial education of the population. Thus, the overall objective of this study was to evaluate the effect of formal and business education on the level of financial education. Design/methodology/approach - This research is characterized as a quasi-experimental study, with undergraduate students. As a data collection technique, a structured questionnaire was used. Findings - The results confirm the importance of formal and business education, as well as gender, for the financial education of individuals. More specifically, being male and having contact with a greater number of financial disciplines increase the level of financial education of the individual. Originality/value - This article demonstrated that the trajectory of the knowledge traversed by individuals within the same level of schooling is of paramount importance. The results show that formal and business education can improve the levels of financial education and reinforce the relevance of strategic actions in this area.

Suggested Citation

  • Ana Luiza Paraboni & Fabricio Michell Soares & Ani Caroline Grigion Potrich & Kelmara Mendes Vieira, 2020. "Does formal and business education expand the levels of financial education?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 47(6), pages 769-785, June.
    • Handle: RePEc:eme:ijsepp:ijse-09-2019-0596
    DOI: 10.1108/IJSE-09-2019-0596
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    Cited by:

    1. Silvia Mariela Méndez Prado & Marlon José Zambrano Franco & Susana Gabriela Zambrano Zapata & Katherine Malena Chiluiza García & Patricia Everaert & Martin Valcke, 2022. "A Systematic Review of Financial Literacy Research in Latin America and The Caribbean," Sustainability, MDPI, vol. 14(7), pages 1-43, March.

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