Financial Literacy and Numeracy

Elisa Darriet (), Marianne Guille () and Jean-Christophe Vergnaud
Additional contact information
Elisa Darriet: Lirsa, CNAM; Lemma, Université Paris II Panthéon-Assas
Marianne Guille: Lemma, Université Paris II Panthéon-Assas and Labex MME-DII

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: The aim of this chapter is to investigate the relationship between financial literacy and numeracy. It turns out that numeracy and financial literacy are strongly correlated. In order to clarify this relationship, we review, in a first section, the general definition of numeracy and its most commonly used measures. We then try to enlighten the distinction that can be made between numeracy and financial literacy. In a second section, we focus on the relationship between numeracy and financial literacy using the main empirical studies performed. Since the analyses of their results show that numeracy is a key determinant of financial literacy, we highlight, in a third and final section, the key role that numeracy could have in education programs and consumer protection policies to improve financial decisions

Keywords: Financial literacy; Numeracy (search for similar items in EconPapers)
JEL-codes: D14 G4 G5 G53 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2021-10
New Economics Papers: this item is included in nep-cwa and nep-fle
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://mse.univ-paris1.fr/pub/mse/CES2021/21031.pdf (application/pdf)
https://halshs.archives-ouvertes.fr/halshs-03461252

Related works:
Working Paper: Financial Literacy and Numeracy (2021)
Working Paper: Financial Literacy and Numeracy (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:21031

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