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Riebe, K. Was wissen Studierende über Finanzen? Eine empirische Untersuchung über Financial Literacy von Hochschulstudierenden. Vierteljahrshefte zur Wirtschaftsforschung, 87(3), 181-194. https://doi.org/10.3790/vjh.87.3.181
Riebe, Katharina "Was wissen Studierende über Finanzen? Eine empirische Untersuchung über Financial Literacy von Hochschulstudierenden" Vierteljahrshefte zur Wirtschaftsforschung 87.3, 2018, 181-194. https://doi.org/10.3790/vjh.87.3.181
Riebe, Katharina (2018): Was wissen Studierende über Finanzen? Eine empirische Untersuchung über Financial Literacy von Hochschulstudierenden, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 87, iss. 3, 181-194, [online] https://doi.org/10.3790/vjh.87.3.181

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Was wissen Studierende über Finanzen? Eine empirische Untersuchung über Financial Literacy von Hochschulstudierenden

Riebe, Katharina

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 87 (2018), Iss. 3 : pp. 181–194

5 Citations (CrossRef)

Additional Information

Article Details

Author Details

Katharina Riebe, Hochschule Bremen.

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References

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  28. Lührmann, Melanie, Marta Serra-Garcia und Joachim Winter (2015): Teaching teenagers in finance: Does it work? Journal of Banking and Finance, 54, 160–174.  Google Scholar
  29. Lusardi, A. und S Mitchell (2014): The economic importance of Financial Literacy: Theory and evidence. Journal of Economic Literature, American Economic Association, 52 (1), 5–44.  Google Scholar
  30. Arnold, Eva A., Doris Neuberger, Louis Henri Seukwa und Dirk Ulbricht (2018): Finanzielle Allgemeinbildung Geflüchteter in Deutschland: Eine qualitative Piltostudie. Thünen-Series of Applied Economic Theory.  Google Scholar
  31. Stolper, Oscar A. und Andreas Walter (2017): Financial literacy, financial advice, and financial behavior. Journal of Business Economics, 87 (5), 581–643.  Google Scholar
  32. Klapper, Leora, Annamaria Lusardi und Peter Van Oudheusden (2015): Financial Literacy around the World: Insights from the Standard & Poor’s Ratings Services Global Financial Literacy Survey. Standard & Poor’s Ratings Services Global FinLit Survey. 2015.  Google Scholar
  33. Deutsche Bundesbank und Bundesministerium der Finanzen (2017): Digitising finance, financial inclusion and financial literacy. G20 Conference, January.  Google Scholar
  34. Ferguson, Roger W. (2002): Reflections on financial literacy. Remarks by Vice Chairman Roger W. Ferguson, Jr. Before the National Council on Economic Education. Washington, D. C. 2002. www.federalreserve.gov/boarddocs/speeches/2002/20020513/default.htm.  Google Scholar
  35. Hummelsheim, Stefan (2010): Ökonomische Grundbildung tut not. Empirische Studien weisen auf erhebliche Defizite in der ökonomischen und finanziellen Grundbildung hin. DIE Fakten, 1–10.  Google Scholar
  36. Chen, Haiyang und Ronald P. Volpe (1998): An analysis of personal financial literacy among college students. Financial Services Review, 7 (2), 107–128.  Google Scholar
  37. Bucher-Koenen, Tabea, Annamaria Lusardi, Rob Alessie und Maarten van Rooij (2017): How financially literate are women? An overview and new insights. Journal of Consumer Affairs, 51 (2), 255–283.  Google Scholar
  38. Bucher-Koenen, Tabea und Annamaria Lusardi. 2011. Financial literacy and retirement planning in Germany. Journal of Pension Economics and Finance, 10 (4), 565–84.  Google Scholar
  39. Börsch-Supan, Axel, Michaela Coppola, Lothar Essig, Angelika Eymann und Daniel Schunk (2008): The German SAVE Study: Design and Results. Universität Mannheim Research Papers.  Google Scholar
  40. ANZ Banking Group (2015): ANZ Survey of Adult Financial Literacy in Australia, May, 182.  Google Scholar
  41. OECD (2017b): PISA 2015 assessment and analytical framework. PISA. OECD Publishing.  Google Scholar
  42. Lusardi, Annamaria (2013): Insights: financial capability. Investor Education Foundation, April, 1–5.  Google Scholar
  43. OECD (2017a): PISA 2015 results (Volume IV). PISA. Paris, OECD Publishing.  Google Scholar
  44. Marcolin, Sonia und Anne Abraham (2006): Financial literacy research: current literature and future opportunities. Proceedings of the 3rd International Conference on Contemporary Business, Australia, September, 21–22.  Google Scholar
  45. Mania, Ewelina und Monika Tröster (2015): Finanzielle Grundbildung: Konzepte, Förderdiagnostik und Angebote. Literalitäts- und Grundlagenforschung. Bd. 11, 45–60.  Google Scholar
  46. Lusardi, Annamaria und Olivia S. Mitchell (2008): Planning and financial literacy: How do women fare? American Economic Review, 98, 413–417.  Google Scholar
  47. Kirsch, Irwin S. (2001): The international adult literacy survey (ials): Understanding what was measured. ETS Research Report Series, 2001 (2), i-61.  Google Scholar
  48. Huston, Sandra J. (2010): Measuring financial literacy. Journal of Consumer Affairs, 44 (2), 296–316.  Google Scholar
  49. Hung, Angela, Andrew M. Parker und Joanne Yoong (2009): Defining and measuring financial literacy. SSRN Electronic Journal, 708, 28. https://doi.org/10.2139/ssrn.1498674.  Google Scholar
  50. Lusardi, Annamaria und Olivia S. Mitchell (2007b): Financial Literacy and retirement planning: New evidence from the Rand American Life Panel. SSRN Electronic Journal, 23 (4), 234–262.  Google Scholar
  51. Potrich, Ani Caroline Grigion, Kelmara Mendes Vieira und Guilherme Kirch (2018): How well do women do when it comes to financial literacy? Proposition of an indicator and analysis of gender differences. Journal of Behavioral and Experimental Finance, 17, 28–41.  Google Scholar
  52. Potrich, Ani Caroline Grigion, Kelmara Mendes Vieira, Daniel Arruda Coronel und Reisoli Bender Filho (2015): Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1–12.  Google Scholar
  53. OECD (2018): Adult literacy. 2018. www.oecd.org/education/innovation-education/adultliteracy.htm.  Google Scholar
  54. Lusardi, Annamaria und Olivia S. Mitchell (2007a): Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of Monetary Economics, 54 (1), 205–224.  Google Scholar
  55. Lührmann, Melanie, Marta Serra-Garcia und Joachim Winter (2015): Teaching teenagers in finance: Does it work? Journal of Banking and Finance, 54, 160–174.  Google Scholar
  56. Lusardi, A. und S Mitchell (2014): The economic importance of Financial Literacy: Theory and evidence. Journal of Economic Literature, American Economic Association, 52 (1), 5–44.  Google Scholar
  57. Arnold, Eva A., Doris Neuberger, Louis Henri Seukwa und Dirk Ulbricht (2018): Finanzielle Allgemeinbildung Geflüchteter in Deutschland: Eine qualitative Piltostudie. Thünen-Series of Applied Economic Theory.  Google Scholar
  58. Stolper, Oscar A. und Andreas Walter (2017): Financial literacy, financial advice, and financial behavior. Journal of Business Economics, 87 (5), 581–643.  Google Scholar
  59. Klapper, Leora, Annamaria Lusardi und Peter Van Oudheusden (2015): Financial Literacy around the World: Insights from the Standard & Poor’s Ratings Services Global Financial Literacy Survey. Standard & Poor’s Ratings Services Global FinLit Survey. 2015.  Google Scholar
  60. Deutsche Bundesbank und Bundesministerium der Finanzen (2017): Digitising finance, financial inclusion and financial literacy. G20 Conference, January.  Google Scholar
  61. Ferguson, Roger W. (2002): Reflections on financial literacy. Remarks by Vice Chairman Roger W. Ferguson, Jr. Before the National Council on Economic Education. Washington, D. C. 2002. www.federalreserve.gov/boarddocs/speeches/2002/20020513/default.htm.  Google Scholar
  62. Hummelsheim, Stefan (2010): Ökonomische Grundbildung tut not. Empirische Studien weisen auf erhebliche Defizite in der ökonomischen und finanziellen Grundbildung hin. DIE Fakten, 1–10.  Google Scholar
  63. Chen, Haiyang und Ronald P. Volpe (1998): An analysis of personal financial literacy among college students. Financial Services Review, 7 (2), 107–128.  Google Scholar
  64. Bucher-Koenen, Tabea, Annamaria Lusardi, Rob Alessie und Maarten van Rooij (2017): How financially literate are women? An overview and new insights. Journal of Consumer Affairs, 51 (2), 255–283.  Google Scholar
  65. Bucher-Koenen, Tabea und Annamaria Lusardi. 2011. Financial literacy and retirement planning in Germany. Journal of Pension Economics and Finance, 10 (4), 565–84.  Google Scholar
  66. Börsch-Supan, Axel, Michaela Coppola, Lothar Essig, Angelika Eymann und Daniel Schunk (2008): The German SAVE Study: Design and Results. Universität Mannheim Research Papers.  Google Scholar
  67. ANZ Banking Group (2015): ANZ Survey of Adult Financial Literacy in Australia, May, 182.  Google Scholar
  68. OECD (2017b): PISA 2015 assessment and analytical framework. PISA. OECD Publishing.  Google Scholar
  69. Lusardi, Annamaria (2013): Insights: financial capability. Investor Education Foundation, April, 1–5.  Google Scholar
  70. OECD (2017a): PISA 2015 results (Volume IV). PISA. Paris, OECD Publishing.  Google Scholar
  71. Marcolin, Sonia und Anne Abraham (2006): Financial literacy research: current literature and future opportunities. Proceedings of the 3rd International Conference on Contemporary Business, Australia, September, 21–22.  Google Scholar
  72. Mania, Ewelina und Monika Tröster (2015): Finanzielle Grundbildung: Konzepte, Förderdiagnostik und Angebote. Literalitäts- und Grundlagenforschung. Bd. 11, 45–60.  Google Scholar
  73. Lusardi, Annamaria und Olivia S. Mitchell (2008): Planning and financial literacy: How do women fare? American Economic Review, 98, 413–417.  Google Scholar
  74. Kirsch, Irwin S. (2001): The international adult literacy survey (ials): Understanding what was measured. ETS Research Report Series, 2001 (2), i-61.  Google Scholar
  75. Huston, Sandra J. (2010): Measuring financial literacy. Journal of Consumer Affairs, 44 (2), 296–316.  Google Scholar
  76. Hung, Angela, Andrew M. Parker und Joanne Yoong (2009): Defining and measuring financial literacy. SSRN Electronic Journal, 708, 28. https://doi.org/10.2139/ssrn.1498674.  Google Scholar
  77. Lusardi, Annamaria und Olivia S. Mitchell (2007b): Financial Literacy and retirement planning: New evidence from the Rand American Life Panel. SSRN Electronic Journal, 23 (4), 234–262.  Google Scholar
  78. Potrich, Ani Caroline Grigion, Kelmara Mendes Vieira und Guilherme Kirch (2018): How well do women do when it comes to financial literacy? Proposition of an indicator and analysis of gender differences. Journal of Behavioral and Experimental Finance, 17, 28–41.  Google Scholar
  79. Potrich, Ani Caroline Grigion, Kelmara Mendes Vieira, Daniel Arruda Coronel und Reisoli Bender Filho (2015): Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1–12.  Google Scholar
  80. OECD (2018): Adult literacy. 2018. www.oecd.org/education/innovation-education/adultliteracy.htm.  Google Scholar
  81. Lusardi, Annamaria und Olivia S. Mitchell (2007a): Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of Monetary Economics, 54 (1), 205–224.  Google Scholar

Abstract

The ability and knowledge to make financial plans and manage one's own finances, so-called finance literacy, have gained enormously in importance for social participation. This paper conducts an empirical evaluation of finance literacy of students. The evaluation is based on the instruments developed by the OECD and Lusardi and Mitchell (2014). The data sample includes students with and without financial literacy in natural sciences, social sciences and economics. The results show a low level of knowledge, which is slightly below the international average, on financial literacy among students. Men show around three times higher levels of knowledge relative to women. Factors such as job training or a good grade in high school math have a significantly positive effect on financial literacy. Students in economics do not have a higher competence in financial literacy.