Alfabetismo financiero en jóvenes mexicanos de 15 a 18 años

Alejandro Villagomez

No DTE 575, Working Papers from CIDE, División de Economía

Abstract: In an increasingly complex world, individuals have a more limited ability to take optimal decisions due to the lack of knowledge of basic financial concepts. This leads to severe mistakes in key decisions throughout an individual's life. Moreover, financial illiteracy is greater in the young population, which is financially less sophisticated. Since 2012, the OECD included a fourth section on financial literacy in the PISA test. In this paper we study the level of financial literacy of Mexicans between 15 and 18 years old attending high schooñ. We designed a survey following the OECD methodology and the approach of Lusardi and Mitchell, and applied it to students in Mexico City as well as the State of Mexico. In general, the results show low levels of financial literacy, mainly in women and students in the public school system.

JEL-codes: D14 D91 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2014-08
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