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Financial Literacy and Financial Behavior: An Evidence of Linkage in Albanian Context

In: Advances in Applied Economic Research

Author

Listed:
  • Besa Shahini

    (Faculty of Economy)

Abstract

This paper is an effort to undertake and analyze a survey of not only a detailed financial literacy but also to see a correlation between financial knowledge and the financial behavior among individuals (who represent households) considering socioeconomic factors. A quantitative approach was adopted for this study, utilizing questionnaire survey as the main research instrument, and factor analysis, analysis of variances, and correlative techniques are efficiently used. A positive significant correlation between financial literacy and financial behavior is expected. Moreover, less educated individuals and lower-income ones are expected to have lower financial literacy and lower behavior performance

Suggested Citation

  • Besa Shahini, 2017. "Financial Literacy and Financial Behavior: An Evidence of Linkage in Albanian Context," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Applied Economic Research, chapter 0, pages 111-124, Springer.
  • Handle: RePEc:spr:prbchp:978-3-319-48454-9_9
    DOI: 10.1007/978-3-319-48454-9_9
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    More about this item

    Keywords

    Financial literacy; Financial behavior; Financial education;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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