How reliable are financial-literacy country rankings?

Leo Van Hove () and Muzaffarjon Ahunov ()
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Leo Van Hove: Vrije Universiteit Brussel (VUB)
Muzaffarjon Ahunov: Woosong University

Economics Bulletin, 2024, vol. 44, issue 4, 1457 - 1463

Abstract: Gignac and Ooi (2022) show that financial literacy tests composed of fewer than ten questions suffer from low internal consistency reliability. This note shows that the issue also limits the reliability and relevance of country rankings based on such tests.

Keywords: financial literacy; Big Three; OECD/INFE; country rankings (search for similar items in EconPapers)
JEL-codes: D1 G2 (search for similar items in EconPapers)
Date: 2024-12-30
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