Alfabetismo financiero y matemáticas: un estudio entre jóvenes preparatorianos en México

Alejandro Villagomez and José Antonio Hidalgo
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José Antonio Hidalgo: Division of Economics, CIDE

No DTE 589, Working Papers from CIDE, División de Economía

Abstract: This work analyzes the incidence of mathematical abilities in financial literacy for Mexicans between 15 and 18 years old attending school in Mexico City and the State of Mexico. Our results confirm that the levels of financial literacy are low. Considering the 'L&M Focus', only 6.6% of the sample answered the three questions. Using the 'OECD Focus' only 40% of the sample has a sufficient level of financial knowledge. Our econometric analysis offers evidence of the determinants of financial literacy, but particularly of the positive and significant impact of mathematical knowledge.

Keywords: Financial literacy, math skills; Mexican high school students; financial attitude; financial literacy (search for similar items in EconPapers)
JEL-codes: D1 D91 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2015-03
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Persistent link: https://EconPapers.repec.org/RePEc:emc:wpaper:dte589

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