Development of a comprehensive financial literacy scale

Financial literacy and money management practices are fundamental aspects of economic growth. After developing a literature review, we analyze the most important aspects of the terminology and propose an integral definition of the financial literacy concept. The final goal of this paper is to develo...

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Main Authors:	Rojas-Vargas, Nuria Patricia, Vega-Mendez, Julio César
Format:	Online
Language:	eng
Published:	ACACIA A.C. 2020
Online Access:	https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253
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id	oai:ojs2.cienciasadmvastyp.uat.edu.mx:article-253
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spelling	oai:ojs2.cienciasadmvastyp.uat.edu.mx:article-2532020-09-09T17:48:50Z Development of a comprehensive financial literacy scale Desarrollo de una escala integral de educación financiera Rojas-Vargas, Nuria Patricia Vega-Mendez, Julio César Financial literacy and money management practices are fundamental aspects of economic growth. After developing a literature review, we analyze the most important aspects of the terminology and propose an integral definition of the financial literacy concept. The final goal of this paper is to develop a comprehensive scale to measure financial literacy as defined by the authors according to the evolution of the concept, taking into account related scales to money management found in the literature, and applicable to a wide range of people. The authors develop a structural equation modeling to relate unobserved constructs to observed variables and validate the scale with a divergent and convergent analysis. La educación financiera y la forma de administrar el dinero son aspectos fundamentales del crecimiento económico. Después de desarrollar una revisión de la literatura, analizamos los aspectos más importantes de la terminología y proponemos una definición integral del concepto de educación financiera. El objetivo final de este trabajo es desarrollar una escala integral para medir la educación financiera según la definición de los autores de acuerdo con la evolución del concepto, tomando en cuenta escalas relacionadas con la administración del dinero que se encuentran en la literatura, y aplicable a una amplia gama de personas. Se desarrolló un modelo de ecuaciones estructurales para relacionar constructos no observados con variables observadas, la escala fue validada mediante análisis divergente y convergente. ACACIA A.C. 2020-08-20 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares application/pdf text/html https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253 10.46443/catyp.v16i1.253 Ciencias Administrativas. Teoría y Praxis; Vol 16 No 1 (2020): ENERO - JUNIO; 87-111 Ciencias Administrativas. Teoría y Praxis; Vol. 16 Núm. 1 (2020): ENERO - JUNIO; 87-111 2683-1465 2683-1457 eng https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253/279 https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253/280
institution	CIENCIAS ADMINISTRATIVAS
collection	OJS
language	eng
format	Online
author	Rojas-Vargas, Nuria Patricia Vega-Mendez, Julio César
spellingShingle	Rojas-Vargas, Nuria Patricia Vega-Mendez, Julio César Development of a comprehensive financial literacy scale
author_facet	Rojas-Vargas, Nuria Patricia Vega-Mendez, Julio César
author_sort	Rojas-Vargas, Nuria Patricia
title	Development of a comprehensive financial literacy scale
title_short	Development of a comprehensive financial literacy scale
title_full	Development of a comprehensive financial literacy scale
title_fullStr	Development of a comprehensive financial literacy scale
title_full_unstemmed	Development of a comprehensive financial literacy scale
title_sort	development of a comprehensive financial literacy scale
description	Financial literacy and money management practices are fundamental aspects of economic growth. After developing a literature review, we analyze the most important aspects of the terminology and propose an integral definition of the financial literacy concept. The final goal of this paper is to develop a comprehensive scale to measure financial literacy as defined by the authors according to the evolution of the concept, taking into account related scales to money management found in the literature, and applicable to a wide range of people. The authors develop a structural equation modeling to relate unobserved constructs to observed variables and validate the scale with a divergent and convergent analysis.
publisher	ACACIA A.C.
publishDate	2020
url	https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/253
work_keys_str_mv	AT rojasvargasnuriapatricia developmentofacomprehensivefinancialliteracyscale AT vegamendezjuliocesar developmentofacomprehensivefinancialliteracyscale AT rojasvargasnuriapatricia desarrollodeunaescalaintegraldeeducacionfinanciera AT vegamendezjuliocesar desarrollodeunaescalaintegraldeeducacionfinanciera
_version_	1712116180949401600

Development of a comprehensive financial literacy scale

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