IMPROVING UNIVERISTY STUDENT’ FINANCIAL LITERACY

Financial Literacy, Financial Education and Economic Outcomes.

In this article we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature, and examine how well the existing literature addresses whether financial education improves financial literacy or personal financial outcomes. We discuss the extent to which a competitive market provides i...

Cardiff Univeristy

Psychosocial factors and financial literacy.

This study uses data from the Health and Retirement Study (HRS) to analyze the psychological and social variables associated with financial literacy. The HRS is a nationally representative longitudinal survey of individuals older than age 50 and their spouses. An ordinary least squares linear regression analysis explores the relationship between financial literacy and several economic and psych...

The Queen’s Univeristy of Belfast to the Univeristy Librarian

Within Michigan-style Learning Classifier Systems based upon Holland's model (Holland et al 1986) support for learning in delayed-reward multiplestep environments was through the co-operation of classifiers within rulechains. Despite the successful use of this LCS model in direct-reward environments (Wilson, 1985, 1987; Parodi and Bonelli, 1990; Holmes, 1997; Dorigo and Colombetti, 1994), the a...

Financial Literacy and Financial Sophistication in the Older Population.

Using a special-purpose module implemented in the Health and Retirement Study, we evaluate financial sophistication in the American population over the age of 50. We combine several financial literacy questions into an overall index to highlight which questions best capture financial sophistication and examine the sensitivity of financial literacy responses to framing effects. Results show that...