IDEAS home Printed from https://ideas.repec.org/a/eee/ireced/v16y2014ipap1-11.html
   My bibliography  Save this article

Construct validity of financial literacy

Author

Listed:
  • Schuhen, Michael
  • Schürkmann, Susanne

Abstract

Various studies deal with the assessment of financial literacy. However, it is not always obvious whether actual competencies are assessed or if it is rather a measurement of knowledge or attitudes. Furthermore, it is questionable if the construct that is supposed to be assessed is valid. Using the Financial Literacy Study as an example, the following article describes how the underlying theoretical construct can be validated. The validation is based on the measurement of financial literacy through Rasch-modelled values, which are verified by means of structural equation models.

Suggested Citation

  • Schuhen, Michael & Schürkmann, Susanne, 2014. "Construct validity of financial literacy," International Review of Economics Education, Elsevier, vol. 16(PA), pages 1-11.
  • Handle: RePEc:eee:ireced:v:16:y:2014:i:pa:p:1-11
    DOI: 10.1016/j.iree.2014.07.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1477388014000164
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.iree.2014.07.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oberrauch, Luis & Kaiser, Tim, 2020. "Economic competence in early secondary school: Evidence from a large-scale assessment in Germany," International Review of Economics Education, Elsevier, vol. 35(C).
    2. Angel, Stefan, 2018. "Smart tools? A randomized controlled trial on the impact of three different media tools on personal finance," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 74(C), pages 104-111.
    3. Boukje Compen & Wouter Schelfhout, 2021. "Collaborative Curriculum Design in the Context of Financial Literacy Education," JRFM, MDPI, vol. 14(6), pages 1-25, May.
    4. Entorf, Horst & Hou, Jia, 2018. "Financial Education for the Disadvantaged? A Review," IZA Discussion Papers 11515, Institute of Labor Economics (IZA).
    5. Silvia Mariela Méndez-Prado & Vanessa Rodriguez & Kevin Peralta-Rizzo & Patricia Everaert & Martin Valcke, 2023. "An Assessment Tool to Identify the Financial Literacy Level of Financial Education Programs Participants’ Executed by Ecuadorian Financial Institutions," Sustainability, MDPI, vol. 15(2), pages 1-24, January.
    6. Eberle, Mira & Oberrauch, Luis, 2023. "What a difference three years of economics education make: Evidence from lower stream schools in Germany," International Review of Economics Education, Elsevier, vol. 42(C).
    7. Popovich, Jacob J. & Loibl, Cäzilia & Zirkle, Christopher & Whittington, M. Susie, 2020. "Community college students’ response to a financial literacy intervention: An exploratory study," International Review of Economics Education, Elsevier, vol. 34(C).
    8. Philip Young P. Hong & Maria V. Wathen & Alanna J. Shin & Intae Yoon & Jang Ho Park, 2022. "Psychological Self-Sufficiency and Financial Literacy among Low-Income Participants: An Empowerment-Based Approach to Financial Capability," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 690-702, December.

    More about this item

    Keywords

    Financial literacy; Structural equation model;

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ireced:v:16:y:2014:i:pa:p:1-11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/international-review-of-economics-education .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.