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The link between financial education and financial literacy: A cross-national analysis

Author

Listed:
  • John Jerrim
  • Luis Alejandro Lopez-Agudo
  • Oscar David Marcenaro-Gutierrez

Abstract

Financial literacy is a competence that extends to many aspects of everyday life. The Great Recession has recently highlighted its relevance and the importance of financial literacy training in the school curricula. The authors use PISA 2015 data to investigate the link between financial education and young people’s financial literacy across 15 countries using a student fixed-effects approach. Their results illustrate how financial education is still in its infancy within many countries and does not seem to improve young people’s ability to apply financial skills in real-world situations.

Suggested Citation

  • John Jerrim & Luis Alejandro Lopez-Agudo & Oscar David Marcenaro-Gutierrez, 2022. "The link between financial education and financial literacy: A cross-national analysis," The Journal of Economic Education, Taylor & Francis Journals, vol. 53(4), pages 307-324, October.
    • Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:307-324
    DOI: 10.1080/00220485.2022.2111383
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