Measuring financial literacy among students: an application of Rasch analysis


We examine financial literacy among Italian college students using Rasch analysis.  Our findings support the appeal of adopting such technique in measuring financial literacy: the provided set of information is not limited to a crude figure, indicating whether the population has passed or failed the test. On the contrary, the specific areas where deficiencies mostly occur are located. Among them, the group showing highest knowledge deficit can be determined.


DOI Code: 10.1285/i20705948v5n3p425

Keywords: financial literacy; young adults; Rasch analysis


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