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Comparison of financial literacy between Korean and U.S. high school students

Author

Listed:
  • Jang, Kyungho
  • Hahn, Jinsoo
  • Park, Hyung Joon

Abstract

This study looks into the financial literacy between Korean and U.S. high school students. The mean scores for Korean students fell between those for U.S. students with and without FFFL, but much closer to those with FFFL. Korean students tended to be stronger in such contents as “earning income.” A comparison of financial literacy based on the Bloom's cognitive level indicates that Korean students showed relatively strong financial literacy at the cognitive level of knowledge, but weak financial literacy at higher cognitive levels of comprehension and application.

Suggested Citation

  • Jang, Kyungho & Hahn, Jinsoo & Park, Hyung Joon, 2014. "Comparison of financial literacy between Korean and U.S. high school students," International Review of Economics Education, Elsevier, vol. 16(PA), pages 22-38.
    • Handle: RePEc:eee:ireced:v:16:y:2014:i:pa:p:22-38
    DOI: 10.1016/j.iree.2014.07.003
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    Citations

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    Cited by:

    1. Tracey West & Michelle Cull, 2020. "Future Expectations and Financial Satisfaction," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 318-335, December.
    2. Amjad Khan Suri & Sonal Purohit, 2017. "An Analysis of Personal Financial Literacy among Expatriates in the United Arab Emirates," Contemporary Review of the Middle East, , vol. 4(3), pages 278-296, September.
    3. Lopus, Jane S. & Amidjono, Dwi Sulistyorini & Grimes, Paul W., 2019. "Improving financial literacy of the poor and vulnerable in Indonesia: An empirical analysis," International Review of Economics Education, Elsevier, vol. 32(C), pages 1-1.
    4. Ramesh Prasad Chaulagain, 2017. "Relationship between Financial Literacy and Behavior of Small Borrowers," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 29(1), pages 33-53, April.
    5. Kiliyanni, Abdul Latheef & Sivaraman, Sunitha, 2016. "The perception-reality gap in financial literacy: Evidence from the most literate state in India," International Review of Economics Education, Elsevier, vol. 23(C), pages 47-64.

    More about this item

    Keywords

    Financial literacy; Financial education; International comparison; Financial fitness for life; Translation bias; Curriculum;
    All these keywords.

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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