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Comparison of financial literacy between Korean and U.S. high school students

Kyungho Jang, Jinsoo Hahn and Hyung Joon Park

International Review of Economics Education, 2014, vol. 16, issue PA, 22-38

Abstract: This study looks into the financial literacy between Korean and U.S. high school students. The mean scores for Korean students fell between those for U.S. students with and without FFFL, but much closer to those with FFFL. Korean students tended to be stronger in such contents as “earning income.” A comparison of financial literacy based on the Bloom's cognitive level indicates that Korean students showed relatively strong financial literacy at the cognitive level of knowledge, but weak financial literacy at higher cognitive levels of comprehension and application.

Keywords: Financial literacy; Financial education; International comparison; Financial fitness for life; Translation bias; Curriculum (search for similar items in EconPapers)
JEL-codes: A21 A22 I21 (search for similar items in EconPapers)
Date: 2014
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