A fuzzy approach to financial literacy measurement

Albert Hizgilov, Jacques Silber

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

2 Scopus citations

Abstract

This chapter presents a multi-dimensional approach to financial literacy measurement. The empirical analysis uses a survey conducted by Israel’s Central Bureau of Statistics (CBS) in 2012. The survey also includes questions on some socio-economic characteristics of the individuals participating in the survey. The score obtained is higher than that observed for the category of questions devoted to financial behaviour. Financial knowledge is higher among men than among women, among Jews than among non-Jews, this being true for both genders. The empirical illustration was based on data collected in a survey conducted by Israel’s CBS in 2012. This empirical analysis showed that, whatever the weighting scheme that was adopted, the aggregated financial literacy score was higher among males, that the relationship between age and this aggregated score was U shaped, and that married individuals had a higher aggregated financial literacy score.

Original languageEnglish
Title of host publicationAnalysis of Socio-Economic Conditions
Subtitle of host publicationInsights from a Fuzzy Multi-dimensional Approach
PublisherTaylor and Francis
Pages134-150
Number of pages17
ISBN (Electronic)9781000363463
ISBN (Print)9780367514068
DOIs
StatePublished - 22 Mar 2021

Bibliographical note

Publisher Copyright:
© 2021 selection and editorial matter, Gianni Betti and Achille Lemmi.

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