Development and field-testing of a competence-based instrument for assessing financial literacy of adolescents

In modern globalized economies, financial literacy, i.e. the ability to reasonably decide upon and use financial resources, is becoming more and more essential for every person who is responsible for managing his or her financial affairs in everyday life. Thus, the promotion of financial literacy remains a core concern for every educational system. This necessity, in turn, presupposes the availability of adequate tools which allow identifying existing learning needs. Against this background, the aim of this paper is to portray the conceptualization as well as a first field-testing of the competence-based instrument for assessing financial literacy of adolescents.

Published abstract.

In modern globalized economies, financial literacy, i.e. the ability to reasonably decide upon and use financial resources, is becoming more and more essential for every person who is responsible for managing his or her financial affairs in everyday life. Thus, the promotion of financial literacy remains a core concern for every educational system. This necessity, in turn, presupposes the availability of adequate tools which allow identifying existing learning needs. Against this background, the aim of this paper is to portray the conceptualization as well as a first field-testing of ...  [+] Show more