1 / 12

Development and field-testing of a competence-based instrument for assessing financial literacy of adolescents

4 th International INAP Conference Beijing, May 26 th and 27 th , 2011. Development and field-testing of a competence-based instrument for assessing financial literacy of adolescents. Dr. Carmela Aprea, Head of Research Theme „Current VET/PET Contexts“

merry
Download Presentation

Development and field-testing of a competence-based instrument for assessing financial literacy of adolescents

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 4th International INAP Conference Beijing, May 26th and 27th, 2011 Development and field-testing of a competence-based instrument for assessing financial literacy of adolescents Dr. Carmela Aprea, Head of Research Theme „Current VET/PET Contexts“ Swiss Federal Institute for Vocational Education and Training (SFIVET) Lugano, CH

  2. Overview • Problem context • Review of prior research • Conceptual foundation of the assessment instrument • Field-testing of the assessment instrument • Preliminary results • Conclusions and suggestions for future research 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  3. Problem context Financial literacy (i.e. the ability to reasonably decide upon and use financial resources) isimportant because of … … shrinking public support systems … changing financial markets … shifting demographic profiles 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  4. Review of prior research • Financial literacy among the population is rather low. • This is especially the case for certain groups of consumers (e.g., the less educated, those at the lower end of the income distribution and minorities). • Consumers tend to overestimate their financial knowledge and skills. (e.g., OECD 2005; Reifner, 2006) 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  5. Conceptual foundation • Competence as the potential to generate effective actions in order to cope with the demands of specific situations. This potential is based on the activation of individual dispositions (e.g., Weinert, 2001). • Action regulation theoretical approaches (e.g., Hacker, 2003; Miller, Galanter & Pribram, 1960). • Knowledge psychological approaches (e.g. Anderson etal., 2003). 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  6. changes Planning financial decisions Decisionproduct (I) Decisionproduct (II) Mentale(s) Modell(e) ) Executing financial decisions Performance Mental) Model(s) Controlling financial decisions Conceptual foundation Competence-based working model Factual, conceptual, procedural, meta-cogn. Knowledge & skills Motivations & interests Attitudes & values Individual characteristics Decisionprocess Situational characteristics (Gibson: Affordances/Constraints) Further situational conditions Task characteristics 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  7. Field-testing • Sample • 198 students (grades 8 and 9) in Baden-Wuerttemberg (Germany) • 4 lower-level (i.e., Hauptschule; n=101) and 4 mid-level (i.e., Realschule; n=97) secondary schools • Age: 14 - 17 years • 50 percent female 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  8. Field-testing Assessmentquestionnaire Informational part Subjective part Objective part • Planning financial decisions (8 items) • Demographic characteristics • Money at disposal • Average revenues & expenditures • Availability ofbank account • Major financial education agents • Future professionalplans • Importance of money/financial issues • Preparedness forfinancial issues • Interest in financial topics • Awareness of sound financial decision making • Attitudes and valuesconcerning consumption,saving and indebtedness e.g. • Exploring needs & wants • Budgeting • Executing financial decisions (12 items) e.g. • Comparing offers • Concluding a contract • Controlling financial decisions (3 items) e.g. • Controlling receipts • Preserving financial documents 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  9. Preliminary results 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  10. Conclusions & suggestions Refinement of working model and task analyses Optimization and re-testing of the assessment questionnaire Application of complex psychometrical and statistical methods Supplementary research studies to capture mental models and reasoning processes Developmental and interventional research studies 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  11. Thanks for your attention! Dr. Carmela Aprea Swiss Federal Institute for Vocational Education and Training (SFIVET) Via Besso 84 | CH-6900 Lugano MassagnoCarmela.Aprea@iuffp-svizzera.ch http://www.iuffp-svizzera.ch 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

  12. Back 4th International INAP Conference, Beijing (China) Dr. Carmela Aprean Mai 2011 n

More Related