Development and field- testing of a competence-based instrument for assessing financial literacy of adolescents Dr. Carmela Aprea, Head of Research Theme „Current VET/PET Contexts“ Swiss Federal Institute for Vocational Education and Training (SFIVET) Lugano, CH 4 th International INAP Conference Beijing, May 26 th and 27 th , 2011
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Development and field-testing of a competence-based instrument for assessing financial literacy of adolescents Dr. Carmela Aprea, Head of Research Theme.
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Development and field-testing of
a competence-based instrument
for assessing financial literacy
of adolescents
Dr. Carmela Aprea,
Head of Research Theme „Current VET/PET Contexts“
Swiss Federal Institute for Vocational Education and Training (SFIVET) Lugano, CH
4th International INAP ConferenceBeijing, May 26th and 27th, 2011
Dezember 2010 2
Overview
Mai 2011 n 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean
1 Problem context
2 Review of prior research
3 Conceptual foundation of the assessment instrument
4 Field-testing of the assessment instrument
5 Preliminary results
6 Conclusions and suggestions for future research
Dezember 2010 3
Problem context
Mai 2011 n Dr. Carmela Aprean
… shrinking public support systems
Financial literacy (i.e. the ability to reasonably
4th International INAP Conference, Beijing (China)
Dezember 2010 4
Review of prior research
Mai 2011 n Dr. Carmela Aprean
Financial literacy among the population is rather low.
This is especially the case for certain groups of consumers (e.g., the less educated, those at the lower end of the income distribution and minorities).
Consumers tend to overestimate their financial knowledge and skills.
4th International INAP Conference, Beijing (China)
(e.g., OECD 2005; Reifner, 2006)
Dezember 2010 5
Conceptual foundation
Mai 2011 n Dr. Carmela Aprean4th International INAP Conference, Beijing (China)
Competence as the potential to generate effective actions in order to cope with the demands of specific situations. This potential is based on the activation of individual dispositions (e.g., Weinert, 2001).