Financial literacy and employment: an overview and bibliometric analysis

Ancuța Lucaci and Carmen Nastase ()
Additional contact information
Ancuța Lucaci: “Ștefan cel Mare” University of Suceava, Suceava, Romania

Journal of Financial Studies, 2023, vol. 14-Special-June, issue 8, 129-150

Abstract: People are currently facing high unemployment rates, and one of the main causes is financial literacy. Financial literacy is critically important for people as it enables them to effectively manage their money and decide whether to invest or save. Furthermore, everyone must be educated from an early age about financial issues because they will be taught about how to save, invest, budget, and borrow. The purpose of this article is to investigate the scientific literature on financial education and employment. To this end, we conducted a bibliometric analysis of financial literacy and the relationship between financial literacy and employment. The research methodology included a bibliometric analysis conducted with the VOSviewer software. The results highlight low rates of financial literacy in terms of knowledge, behaviour and attitude. The main determinants of poor financial literacy include poor financial education in schools, disinterest of people in the subject, limited accessibility to financial resources, and insufficient involvement of people in financial issues. Policy makers must take into account this unfavourable situation with respect to the state of financial literacy and implement actions to address it.

Keywords: financial literacy; employment; bibliometric analysis; VOSviewer. (search for similar items in EconPapers)
JEL-codes: C88 E20 G53 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://revista.isfin.ro/wp-content/uploads/2023/06/9.-Lucaci-et.-al.pdf (application/pdf)
https://revista.isfin.ro/2023/06/25/financial-lite ... bliometric-analysis/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fst:rfsisf:v:14-special-june:y:2023:i:8:p:129-150

DOI: 10.55654/JFS.2023.SP.09

Access Statistics for this article

Journal of Financial Studies is currently edited by Raluca Ladaru

More articles in Journal of Financial Studies from Institute of Financial Studies Contact information at EDIRC.
Bibliographic data for series maintained by Cosmin Catalin Olteanu ().