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Alfabetismo financiero y matemáticas: un estudio entre jóvenes preparatorianos en México

Author

Listed:
  • Alejandro Villagómez

    (Division of Economics, CIDE)

  • José Antonio Hidalgo

    (Division of Economics, CIDE)

Abstract

This work analyzes the incidence of mathematical abilities in financial literacy for Mexicans between 15 and 18 years old attending school in Mexico City and the State of Mexico. Our results confirm that the levels of financial literacy are low. Considering the 'L&M Focus', only 6.6% of the sample answered the three questions. Using the 'OECD Focus' only 40% of the sample has a sufficient level of financial knowledge. Our econometric analysis offers evidence of the determinants of financial literacy, but particularly of the positive and significant impact of mathematical knowledge.

Suggested Citation

  • Alejandro Villagómez & José Antonio Hidalgo, 2015. "Alfabetismo financiero y matemáticas: un estudio entre jóvenes preparatorianos en México," Working Papers DTE 589, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte589
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE589.pdf
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    More about this item

    Keywords

    Financial literacy; math skills; Mexican high school students; financial attitude; financial literacy;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D1 - Microeconomics - - Household Behavior

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