Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors

Abstract The aim or the present study was to examine the relative importance of financial education in school and families and dispositional factors (competitiveness, work mastery, meta-cognition) in predicting financial literacy among Finnish adolescents. The data on the 4328 Finnish 15-year-olds w...

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Autores principales:	Gintautas Silinskas, Arto K. Ahonen, Terhi-Anna Wilska
Formato:	article
Lenguaje:	EN
Publicado:	SpringerOpen 2021
Materias:	Adolescents PISA Financial literacy Financial learning Dispositional factors Education (General) L7-991
Acceso en línea:	https://doaj.org/article/e81b254ca08f421f8fdff16f043823ec
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spelling	oai:doaj.org-article:e81b254ca08f421f8fdff16f043823ec2021-11-21T12:30:55ZFinancial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors10.1186/s40536-021-00118-02196-0739https://doaj.org/article/e81b254ca08f421f8fdff16f043823ec2021-11-01T00:00:00Zhttps://doi.org/10.1186/s40536-021-00118-0https://doaj.org/toc/2196-0739Abstract The aim or the present study was to examine the relative importance of financial education in school and families and dispositional factors (competitiveness, work mastery, meta-cognition) in predicting financial literacy among Finnish adolescents. The data on the 4328 Finnish 15-year-olds was drawn from the PISA 2018 assessment. Financial literacy was measured by tests, and financial education and dispositional factors were assessed by adolescent questionnaires. First, the results showed that financial education in school was positively associated with adolescents’ financial literacy skills, whereas parental involvement in financial matters did not relate or related negatively to financial literacy scores. Second, dispositional factors, such as competitiveness, work mastery, and meta-cognition (effective strategies to understand/remember information, to summarize information, and to evaluate source credibility) were the strongest positive predictors of the financial literacy scores. Overall, the present study emphasizes that certain social factors (schools and families) and especially dispositional characteristics (personality/motivation and critical thinking/learning strategies) may shape the development of the financial skills of adolescents.Gintautas SilinskasArto K. AhonenTerhi-Anna WilskaSpringerOpenarticleAdolescentsPISAFinancial literacyFinancial learningDispositional factorsEducation (General)L7-991ENLarge-scale Assessments in Education, Vol 9, Iss 1, Pp 1-23 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Adolescents PISA Financial literacy Financial learning Dispositional factors Education (General) L7-991
spellingShingle	Adolescents PISA Financial literacy Financial learning Dispositional factors Education (General) L7-991 Gintautas Silinskas Arto K. Ahonen Terhi-Anna Wilska Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors
description	Abstract The aim or the present study was to examine the relative importance of financial education in school and families and dispositional factors (competitiveness, work mastery, meta-cognition) in predicting financial literacy among Finnish adolescents. The data on the 4328 Finnish 15-year-olds was drawn from the PISA 2018 assessment. Financial literacy was measured by tests, and financial education and dispositional factors were assessed by adolescent questionnaires. First, the results showed that financial education in school was positively associated with adolescents’ financial literacy skills, whereas parental involvement in financial matters did not relate or related negatively to financial literacy scores. Second, dispositional factors, such as competitiveness, work mastery, and meta-cognition (effective strategies to understand/remember information, to summarize information, and to evaluate source credibility) were the strongest positive predictors of the financial literacy scores. Overall, the present study emphasizes that certain social factors (schools and families) and especially dispositional characteristics (personality/motivation and critical thinking/learning strategies) may shape the development of the financial skills of adolescents.
format	article
author	Gintautas Silinskas Arto K. Ahonen Terhi-Anna Wilska
author_facet	Gintautas Silinskas Arto K. Ahonen Terhi-Anna Wilska
author_sort	Gintautas Silinskas
title	Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors
title_short	Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors
title_full	Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors
title_fullStr	Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors
title_full_unstemmed	Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors
title_sort	financial literacy among finnish adolescents in pisa 2018: the role of financial learning and dispositional factors
publisher	SpringerOpen
publishDate	2021
url	https://doaj.org/article/e81b254ca08f421f8fdff16f043823ec
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Financial literacy among Finnish adolescents in PISA 2018: the role of financial learning and dispositional factors

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