TY  - UNPD
A1  - Jappelli, Tullio
T1  - Economic literacy: an international comparison
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2010,16
N2  - Many studies show that most people are not financially literate and are unfamiliar with even the most basic economic concepts. However, the evidence on the determinants of economic literacy is scant. This paper uses international panel data on 55 countries from 1995 to 2008, merging indicators of economic literacy with a large set of macroeconomic and institutional variables. Results show that there is substantial heterogeneity of financial and economic competence across countries, and that human capital indicators (PISA test scores and college attendance) are positively correlated with economic literacy. Furthermore, inhabitants of countries with more generous social security systems are generally less literate, lending support to the hypothesis that the incentives to acquire economic literacy are related to the amount of resources available for private accumulation. JEL Classification: E2, D8, G1
T3  - CFS working paper series - 2010, 16 
KW  - Economic Literacy
KW  - Human Capital
KW  - Social Security
Y1  - 2010
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/7910
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-78683
IS  - July 28, 2010
ER  -