Affiliation:
1. Departamento de Economía Aplicada (Estadística y Econometría), Facultad de Ciencias Económicas y Empresariales, Universidad de Málaga , Plaza de El Ejido s/n , 29013 Málaga, Spain
Abstract
Abstract
We live in a society in which knowing how to manage money is a necessity, since it is required in our everyday life. In this context, financial literacy is a competence which people should develop in order to improve their money-related decisions. In order to analyse the contribution of financial education to this competence, we go beyond the previous literature in respect to correlation by using student fixed-effects and PISA (Programme for International Student Assessment) 2018 data for 15-year-old students in 20 countries. Our results show that, in most of the countries under analysis, the financial education that students receive in the subject of mathematics may contribute to the development of their financial literacy competences. Nevertheless, the lack of an effective subject in economics is still an issue in most of the educational systems under analysis. (JEL codes: I20, I21, I28, and C10)
Funder
FUNCASEDUCA
Fundación de las Cajas de Ahorros
Ministerio de Ciencia e Innovación
Universidad de Málaga
Andalusian Regional Government
Publisher
Oxford University Press (OUP)
Subject
Economics and Econometrics,Geography, Planning and Development
Cited by
1 articles.
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