The Survey of Financial Competences: description and methods of the 2021 wave

Caterina Carvalho-Machado, Sabina de la Cal, Laura Hospido, Sara Izquierdo, Margarita Machelett, Myroslav Pidkuyko and Ernesto Villanueva
Additional contact information
Caterina Carvalho-Machado: EXCELTUR
Sabina de la Cal: Banco de España
Sara Izquierdo: COMPASS LEXECON
Margarita Machelett: Banco de España

No 2425, Occasional Papers from Banco de España

Abstract: The Survey of Financial Competences measures the level of financial competence of the Spanish adult population, including their understanding of basic financial concepts, their familiarity with different savings, insurance and debt vehicles, and their holdings, acquisition, and use of such financial vehicles. Between 2021 and 2022 information was collected for a large sample of randomly selected individuals provided by the National Statistics Institute, representative of the Spanish population aged 18 to 79 and of each of its regions. This paper presents a detailed description of the main methodological aspects in the design and implementation of the survey: the sample design, the questionnaire, the data collection process, the validation of the data, the calculation of the weights and the imputation procedure.

Keywords: financial competences; personal finance; household finance; data collection; imputation; weights (search for similar items in EconPapers)
JEL-codes: C81 G53 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2024-07
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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2425e

DOI: 10.53479/37313

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