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How reliable are financial-literacy country rankings?

Author

Listed:
  • Leo Van Hove

    (Vrije Universiteit Brussel (VUB))

  • Muzaffarjon Ahunov

    (Woosong University)

Abstract

Gignac and Ooi (2022) show that financial literacy tests composed of fewer than ten questions suffer from low internal consistency reliability. This note shows that the issue also limits the reliability and relevance of country rankings based on such tests.

Suggested Citation

  • Leo Van Hove & Muzaffarjon Ahunov, 2024. "How reliable are financial-literacy country rankings?," Economics Bulletin, AccessEcon, vol. 44(4), pages 1457-1463.
    • Handle: RePEc:ebl:ecbull:eb-24-00364
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2024/Volume44/EB-24-V44-I4-P115.pdf
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    More about this item

    Keywords

    financial literacy; Big Three; OECD/INFE; country rankings;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • D1 - Microeconomics - - Household Behavior

    Statistics

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