Knowledge and Use of Fintech Products by the Young Generations: A Zero-Inflated Ordinal Data Model

Maria Iannario (), Claudia Tarantola (), Alessandra Tanda () and Belma Ozturkkal ()
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Maria Iannario: University of Naples Federico II
Claudia Tarantola: University of Milan
Alessandra Tanda: University of Pavia
Belma Ozturkkal: Kadir Has University

A chapter in Transparency in FinTech, 2025, pp 175-198 from Palgrave Macmillan

Abstract: Abstract Traditional ordinal models, such as cumulative logit/probit, struggle when data show excess zeros, which may indicate absolute non-knowledge or occasional participation. Zero-inflated approaches address this by distinguishing structural from sampling zeros. Our study applies these methods to 599 Italian Millennials and Generation Z respondents from the CA19130 Fintech and Artificial Intelligence in Finance project. Using a six-point ordinal scale, we analyze knowledge of cryptocurrencies, a growing yet underexplored asset among younger generations. Preliminary results reveal higher knowledge linked to blockchain/AI awareness, while women, less-educated, and low-income individuals more often report “zero knowledge.”

Keywords: Cryptocurrencies; Financial literacyFinancial literacy; MillennialsMillennials; Survey studies; Z-generationZ-generation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-032-03523-3_7

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DOI: 10.1007/978-3-032-03523-3_7

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