The financial capability of 15-year-olds in Greece

Tzora, V. A., Philippas, N. D. and Panos, G. A. (2023) The financial capability of 15-year-olds in Greece. Economics Letters, 225, 111044. (doi: 10.1016/j.econlet.2023.111044)

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We conduct the first nationally representative measurement of the financial capability of 15-year-old students in Greece. We find discrepancies between the core, the islands, and the periphery of the country. Female students score lower in terms of all knowledge, behaviour, and attitudes. Students in experimental schools, the better performing ones, and those with more educated parents are more financially capable, reflecting the absence of a dedicated personal-finance curriculum. Awareness of household finances is positively related to financial capability. Local economic conditions matter, with students in regions affected more by the economic crisis of 2008–2016 exhibiting lower financial capability.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Panos, Professor Georgios
Authors: Tzora, V. A., Philippas, N. D., and Panos, G. A.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:Economics Letters
ISSN (Online):1873-7374
Published Online:23 February 2023
Copyright Holders:Copyright © 2023 The Authors
First Published:First published in Economics Letters 225: 111044
Publisher Policy:Reproduced under a Creative Commons License

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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
172277PROFITGeorgios PanosEuropean Commission (EC)687895BS - Accounting & Finance