Economics

Manuel Salas-Velasco, José Sánchez-Campillo

The Knowledge and Skills That Are Essential to Make Financial Decisions: First Results From PISA 2012

Section: Articles
FinanzArchiv (FA)

Volume 74 () / Issue 3, pp. 293-339 (47)

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Using a multilevel analysis with data from PISA 2012, we find that the differences in financial literacy of 15-year-old students are explained by both individual and school characteristics. This paper finds that the financial education is positively related to students' financial literacy scores when it is taught as a cross-curricular subject and as part of business or economics courses, and to a lesser extent as part of mathematics and as an extracurricular activity. Also, math and reading abilities, and holding a bank account and a prepaid debit card, contribute positively to the development of financial literacy, while financial unfamiliarity contributes negatively.

Helen De Cruz and Johan De Smedt. A Natural History of Natural Theology: The Cognitive Science of Theology and Philosophy of Religion. Cambridge; London: MIT, 2015. 246 pp.
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Manuel Salas-Velasco No current data available.

José Sánchez-Campillo No current data available.

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Helen De Cruz and Johan De Smedt. A Natural History of Natural Theology: The Cognitive Science of Theology and Philosophy of Religion. Cambridge; London: MIT, 2015. 246 pp.