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Do 15-year-olds Know How to Manage Money?

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Abstract

On average across the 13 OECD countries and economies that participated in the PISA financial literacy assessment, 10% of students can analyse complex financial products and solve non-routine financial problems, while 15% can, at best, make simple decisions about everyday spending, and recognise the purpose of everyday financial documents, such as an invoice. In 17 out of the 18 participating countries and economies, boys and girls show similar skills in financial literacy. However, among students with comparable performance in mathematics and reading, boys perform better than girls in financial literacy in 11 out of 18 countries and economies.

Suggested Citation

  • Oecd, 2014. "Do 15-year-olds Know How to Manage Money?," PISA in Focus 41, OECD Publishing.
    • Handle: RePEc:oec:eduddd:41-en
    DOI: 10.1787/5jz159737gd7-en
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    Cited by:

    1. Nohora Forero-Ramírez & Floor E. W. Knoote & Sofía Ortega-Tíneo, 2015. "Children and the Financial Regulatory Landscape in Latin America," Borradores de Economia 13813, Banco de la Republica.
    2. Michallet, Benjamin & Gaeta, Giuseppe Lucio & Facchini, Francois, 2015. "Greening up or not? The determinants of political parties’ environmental concern: an empirical analysis based on European data (1970-2008)," MPRA Paper 63335, University Library of Munich, Germany, revised Mar 2015.
    3. Moreno, Luis & Ramon, Ana & Pedreño, Andrés, 2015. "The Development of Low-cost Airlines and Tourism as a Competitiveness Complementor: Effects, Evolution and Strategies," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 3(4), pages 262-274.

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