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The Differences in Students� Financial Literacy based on Financial Education

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  • Dorjana Nano
  • Shkelqim Cani

Abstract

This paper examines the differences in Financial Literacy among Albanian university students based on their financial education. The main objectives of this study are: i) firstly, to assess the level of financial knowledge, financial attitude and financial behaviour, and to make relevant comparison based on students financial education; ii) secondly, to evaluate an overall score of financial literacy and to investigate its difference among students who are financially educated and their counterparts; iii) finally, to provide some conclusions and policy implications with regard to financial literacy. A total of 607 students from five public and three private universities in Albania participated in this research. The outcome shows that student�s financial behaviour does not differ based on their financial education. In addition, non-financially educated students appear to demonstrate better financial behaviour. Finally, students who have taken a personal financial course are shown to be more knowledgeable and financially literate than their counterparts. This study paves the way for future research in Albania.

Suggested Citation

  • Dorjana Nano & Shkelqim Cani, 2013. "The Differences in Students� Financial Literacy based on Financial Education," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 8, pages 149-160, July.
    • Handle: RePEc:etc:journl:y:2013:i:8:p:149-160
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    References listed on IDEAS

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    1. Bernheim, B. Douglas & Garrett, Daniel M. & Maki, Dean M., 2001. "Education and saving:: The long-term effects of high school financial curriculum mandates," Journal of Public Economics, Elsevier, vol. 80(3), pages 435-465, June.
    2. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
    3. Chen, Haiyang & Volpe, Ronald P., 1998. "An Analysis of Personal Financial Literacy Among College Students," Financial Services Review, Elsevier, vol. 7(2), pages 107-128.
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    Cited by:

    1. Dorjana Nano & Antoneta Polo, 2016. "Academic Status Differences in Financial Literacy among Albanian University Students," EuroEconomica, Danubius University of Galati, issue 1(35), pages 75-82, may.
    2. Natasha Pa�o & Spiro Pa�o, 2020. "CIitizen�s Basic Income - The new promise of Populism in the edge of Technological unemployment," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 22, pages 59-66, July.

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