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The Survey of Financial Competences: description and methods of the 2021 wave

Author

Listed:
  • Caterina Carvalho-Machado

    (EXCELTUR)

  • Sabina de la Cal

    (Banco de España)

  • Laura Hospido

    (Banco de España)

  • Sara Izquierdo

    (COMPASS LEXECON)

  • Margarita Machelett

    (Banco de España)

  • Myroslav Pidkuyko

    (Banco de España)

  • Ernesto Villanueva

    (Banco de España)

Abstract

The Survey of Financial Competences measures the level of financial competence of the Spanish adult population, including their understanding of basic financial concepts, their familiarity with different savings, insurance and debt vehicles, and their holdings, acquisition, and use of such financial vehicles. Between 2021 and 2022 information was collected for a large sample of randomly selected individuals provided by the National Statistics Institute, representative of the Spanish population aged 18 to 79 and of each of its regions. This paper presents a detailed description of the main methodological aspects in the design and implementation of the survey: the sample design, the questionnaire, the data collection process, the validation of the data, the calculation of the weights and the imputation procedure.

Suggested Citation

  • Caterina Carvalho-Machado & Sabina de la Cal & Laura Hospido & Sara Izquierdo & Margarita Machelett & Myroslav Pidkuyko & Ernesto Villanueva, 2024. "The Survey of Financial Competences: description and methods of the 2021 wave," Occasional Papers 2425, Banco de España.
    • Handle: RePEc:bde:opaper:2425e
    DOI: https://doi.org/10.53479/37313
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    More about this item

    Keywords

    financial competences; personal finance; household finance; data collection; imputation; weights;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

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