Show simple item record

dc.contributor.authorWest, Tracey
dc.contributor.authorWorthington, Andrew C
dc.date.accessioned2019-06-19T13:08:00Z
dc.date.available2019-06-19T13:08:00Z
dc.date.issued2018
dc.identifier.issn0391-5026
dc.identifier.doi10.1111/ecno.12107
dc.identifier.urihttp://hdl.handle.net/10072/380024
dc.description.abstractWe use Australian household survey data to formulate a measure of financial literacy. First, we use household responses to questions regarding financial stress and savings habits to derive a factor variable that proxies as an index of financial literacy. Second, the sample is clustered into categories of financial literacy according to their financial literacy index and other household characteristics. Third, we test for the significance of household characteristics on the financial literacy index. We find the methodologies form similar groups and yield comparable estimates. Being young, female, a single parent, in poor health, unemployed and with low income and wealth increases the likelihood of low levels of financial literacy.
dc.description.peerreviewedYes
dc.description.sponsorshipFinancial Basics Foundation
dc.languageEnglish
dc.language.isoeng
dc.publisherWiley-Blackwell Publishing Ltd.
dc.publisher.placeUnited Kingdom
dc.relation.ispartofpagefrom331
dc.relation.ispartofpageto352
dc.relation.ispartofissue2-3
dc.relation.ispartofjournalEconomic Notes
dc.relation.ispartofvolume47
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchOther economics not elsewhere classified
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchEconomic theory
dc.subject.fieldofresearchcode38
dc.subject.fieldofresearchcode389999
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3802
dc.subject.fieldofresearchcode3803
dc.titleSynthesizing an Index of Financial Literacy Using Not-For-Purpose Survey Data
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.hasfulltextNo Full Text
gro.griffith.authorWest, Tracey


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record