Defining and Measuring Financial Literacy

By Angela A. Hung, Andrew M. Parker, Joanne Yoong. 2009

725 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9bd2d0332c55d9b1fc1af169a5d5ca10cdd968d1

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Citations in the corpus

Financial Literacy and Financial Advice Seeking for Retirement Investment Choice (2019, background): “a higher barrier exists toward finding out and processing information on financial literacy themselves, so this population prefers to save time and money by seeking advisors (Hackethal et al., 2012; Hung et al., 2009; Hung & Yoong, 2010).”
Is knowledge that powerful? Financial literacy and access to finance (2018, background): “Financial literacy could be external and internal; regarding the external, the suggestion from the literature (Lusardi, 2012; Hung et al., 2009) is that financial literacy is more than the acquisition of financial knowledge; it is the ability of managers to use basic financial knowledge in conjuncti”
Financial literacy, financial advice, and financial behavior (2017, background): “…more solid empirical grounds—the conclusions drawn in earlier studies which survey the literature on financial education (Hastings et al. 2013; Hung et al. 2009), i.e. a lack of conclusive evidence as to whether a positive impact of financial education can be observed for consumers’…”
Financial Literacy, Confidence and Financial Advice Seeking (2016, background): “…between professional financial advice seeking and financial literacy. ow literates have a higher barrier to gather and process information, and may thus want to save more on information nd search costs by hiring an advisor (Hackethal et al., 2012; Hung et al., 2009; Hung and Yoong’s, 2010).”
Gender, Stock Market Participation and Financial Literacy (2015, positive): “Our results also show that basic and advanced financial literacy have separate and distinct effects, thus leading support to viewing these as distinct albeit related competencies (see Hung et al. 2009 for a discussion).”
How Financially Literate Are Women? An Overview and New Insights (2017, background): “Hung, Parker, and Yoong (2009) find that the gender disparity is persistent over time and across measurement methodologies.”
What determines financial literacy in Japan? (2019, neutral): “Previous studies report that financial literacy scores vary depending on the questions in the questionnaire (Moore, 2003; Mandell, 2007; Hung et al., 2009).”
Financial literacy among youth (2018, background): “Thereafter, several developments took place and the term financial literacy was used again and again by different researchers, organisations and governments and was addressed differently (Hung et al., 2009).”
Financial Literacy and Credit Card Behaviors: A Cross-Sectional Analysis by Age (2013, methodology): “In addition to the five objective test questions there is a subjective question asking respondents for a self-assessment of financial literacy: “On a scale from 1 to 7, where 1 means very low and 7 means very high, how would you assess your overall financial literacy?” Perceived financial literacy i”
The Economic Importance of Financial Literacy: Theory and Evidence (2014, neutral): “…on the 2009 and 2012 National Financial Capability Study can be found here: http://www.usfinancialcapability.org/ 17 Other financial knowledge measures include Kimball and Shumway (2006), Lusardi and Mitchell(2009), Yoong (2011), Hung, Parker, and Yoong (2009), and the review in Huston (2010).”
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice (2011, neutral): “The questions are similar to those in Lusardi and Mitchell (2007b), they are discussed in detail and compared to other measures in Hung et al. (2009).”