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N° 23. Socio-Economic Determinants of Financial Education. Evidence for Bolivia, Colombia, Ecuador and Peru

Evidence about the determinants of financial education is hard to come by at a global scale and is mostly limited to developed countries. In 2013, CAF deployed a survey to measure the financial capabilities of four countries in the Andean region: Bolivia, Colombia, Ecuador and Peru. The purpose of the survey was to carry out an analysis that would allow identifying the knowledge, skills, attitudes and behaviors of individuals with regards to financial topics. This study allows for the identification of the main socioeconomic determinants of financial education by gathering relevant information for these four countries and building three indices (home economics, attitudes and behaviors, and concepts and knowledge) that are used to measure individuals’ financial education. The results of the econometric estimates also allow for the identification of important socio-demographic gaps, especially in terms of gender, age, geographic location, education, income, and saving capacity.

Abstract

Description

Subject

Educación | Economía | Sector financiero

País / Región

Bolivia
Colombia
Ecuador
Perú

URI

https://scioteca.caf.com/handle/123456789/873

Date

2016-04

Cite from this publication

Collections

4.03 Políticas públicas y transformación productiva

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Creative Commons license

CC-BY-NC
Except where otherwised noted, this item's license is described as CC-BY-NC
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Files

CAF N23 ENG FINAL2.pdf (1.29 MB)

Authors

Journal Title

Journal ISSN

Volume Title

Publisher

CAF

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