scholarly journals Financial Literacy Among German Students at Secondary Schools: Some Empirical Evidence from the State Of Hesse

2019 ◽  
Author(s):  
Volker Brühl
Keyword(s):  
Secondary Schools ◽  
Empirical Evidence ◽  
Financial Literacy ◽  
The State

scholarly journals Financial Literacy Among German Students at Secondary Schools: Some Empirical Evidence from the State of Hesse

2019 ◽  
Vol 65 (4) ◽  
pp. 299-326
Author(s):  
Volker Brühl
Keyword(s):  
Secondary Schools ◽  
Empirical Evidence ◽  
Test Performance ◽  
Financial Literacy ◽  
Financial Education ◽  
The State ◽  
International Standards ◽  
Basic Knowledge ◽  
German School ◽  
The Impact

Abstract Since the financial crisis financial literacy has attracted growing interest among researchers and policy makers, as there is international empirical evidence that financial literacy is poor among both adults and students. In Germany we have almost no empirical evidence on financial literacy, especially in the case of students attending secondary schools, as financial education has not featured on German school curricula to date. Besides, Germany has not yet participated in the optional financial literacy module of PISA, which was offered for the first time in 2012. However, a lack of private pension provisioning, in spite of demographic change, and low stock ownership among German households indicate a deficit in financial knowledge and skills in this country as well. In this paper we investigate financial literacy among students aged 14 to 16 attending a secondary school in the state of Hesse. The foundation is a test designed according to international standards. The statistical analysis of the test reveals substantial deficits in key areas of financial literacy. Particular deficits could be identified in the fields of basic knowledge of financial matters and, to an even greater degree, in more advanced concepts such as risk diversification. Applying interest calculations to financial matters turned out to be problematic for many students. Furthermore, the paper analyses the impact of gender and type of school on the overall test score as well as test performance in specific tasks. The findings suggest that financial matters should be covered in some form at secondary schools. In light of the potentially far-reaching consequences of financial illiteracy for financial wellbeing, German participation in future PISA financial literacy tests seems highly advisable to gain a deeper understanding of the preliminary findings presented in this paper.

Minimizing Missed Opportunities: Modeling Relationships between the State and Business in Russia

2009 ◽  
pp. 42-61
Author(s):  
A. Oleynik
Keyword(s):  
Decision Making ◽  
Empirical Evidence ◽  
Common Good ◽  
The State ◽  
Power Relationships ◽  
Individual Decision ◽  
Missed Opportunities ◽  
Power Domination ◽  
Individual Decision Making ◽  
Optimal Outcomes

Power involves a number of models of choice: maximizing, satisficing, coercion, and minimizing missed opportunities. The latter is explored in detail and linked to a particular type of power, domination by virtue of a constellation of interests. It is shown that domination by virtue of a constellation of interests calls for justification through references to a common good, i.e. a rent to be shared between Principal and Agent. Two sources of sub-optimal outcomes are compared: individual decision-making and interactions. Interactions organized in the form of power relationships lead to sub-optimal outcomes for at least one side, Agent. Some empirical evidence from Russia is provided for illustrative purposes.

Financial Literacy among Rural Women in Darbhanga District:An Empirical Evidence.

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Prof. F.B. SINGH ◽  
POOJA JHA
Keyword(s):  
Empirical Evidence ◽  
Rural Women ◽  
Financial Literacy ◽  
Rural Population ◽  
Current Status ◽  
Financial Decisions ◽  
The World ◽  
Current Scenario

Financial Literacy is defined as the possession of knowledge and understanding of elementary financial concepts which results in developing the ability to make conversant, poised and effective financial decisions. In current scenario, the concern to increase the level of financial literacy among common masses has been witnessed by many countries of the world through various Financial Literacy center, programme and initiatives but all these programmes and policies are crafted and implemented taking into consideration the male as ultimate receiver and so women who constitute half of the rural population are lagging behind in terms of a making informed financial decisions and financial wellbeing. Hence Strategies should be formulated taking into consideration the women as the main spectators. This paper is an attempt to analyze the current status of the financial literacy among the rural women of the Darbhanga district.

A Legitimacy Crisis of Representative Democracy?

2017 ◽  
Author(s):  
Jacques Thomassen ◽  
Carolien van Ham
Keyword(s):  
Empirical Evidence ◽  
State Of The Art ◽  
Short Description ◽  
The State ◽  
Political Support ◽  
Systematic Fashion ◽  
Research Questions ◽  
The 1960S ◽  
Established Democracies ◽  
Legitimacy Crisis

This chapter presents the research questions and outline of the book, providing a brief review of the state of the art of legitimacy research in established democracies, and discusses the recurring theme of crisis throughout this literature since the 1960s. It includes a discussion of the conceptualization and measurement of legitimacy, seeking to relate legitimacy to political support, and reflecting on how to evaluate empirical indicators: what symptoms indicate crisis? This chapter further explains the structure of the three main parts of the book. Part I evaluates in a systematic fashion the empirical evidence for legitimacy decline in established democracies; Part II reappraises the validity of theories of legitimacy decline; and Part II investigates what (new) explanations can account for differences in legitimacy between established democracies. The chapter concludes with a short description of the chapters included in the volume.

When decentralisation undermines representation: ethnic exclusion and state ownership in DR Congo's new provinces

2021 ◽  
Vol 59 (2) ◽  
pp. 131-157
Author(s):  
Alma Bezares Calderon ◽  
Pierre Englebert ◽  
Lisa Jené
Keyword(s):  
Ethnic Group ◽  
Empirical Evidence ◽  
Political System ◽  
Political Representation ◽  
State Ownership ◽  
The State ◽  
Dr Congo ◽  
Ethnic Representation ◽  
Ethnic Exclusion

AbstractAfrican regimes commonly use strategies of balanced ethnic representation to build support. Decentralisation reforms, often promoted in order to improve political representation and state access, can undermine such strategies. In this article we use the example of the DR Congo to show the extent to which the multiplication of decentralised provinces is upending a political system largely based until now upon collective ethnic representation in the state. Not only are Congo's new provinces more ethnically homogeneous than their predecessors, but many of them have also witnessed political takeover and monopolisation by the province's dominant ethnic group. In addition, the increased number of Congolese who now find themselves non-autochthonous to their province of residence heightens their vulnerability and the potential for local conflict. Decentralisation, whose intent was proximity to governance, might well end up excluding more Congolese from the benefits of political representation. The article uses original empirical evidence on provincial ethnic distributions to support its claims.

scholarly journals Pengaruh Financial Literacy, Representativeness Bias, Dan Bias Optimisme Terhadap Pengambilan Keputusan Investasi

2020 ◽  
Vol 2 (3) ◽  
pp. 2976-2991
Author(s):  
Silvia Putri ◽  
Halmawati Halmawati
Keyword(s):  
Decision Making ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Empirical Evidence ◽  
Financial Literacy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
State University ◽  
Investment Decision Making

This study aims to analyze 1) whether there is an influence of financial literacy on investment decision maknig. 2) Obtain empirical evidence whether there is an Representativeness bias making on investment decisions. 3) Does Bias optimisme affect investment decision making. In this study using Causality Design. Population and sampek are 104 respondents registered in the Indonesia Stock Exchange Investment Gallery (GIBEI) Faculty of Economics, State University of Padang. The method of analysis is multiple linear regression. The results of the study found 1) Financial literacy influences investment decisions on investment decision making.2) Optimum bias affects investment decisions on investment decision making. 3) Representativness influences investment decisions on investment decision making. 4) Together financial literacy variables, the optimum bias and representativness together influence the investment decision on investment decision making

Sign in / Sign up

Export Citation Format

Share Document