Factors Affecting Financial Literacy of Vietnamese Adults: A Case Study for Hanoi and Nghe An

2017 ◽  
Vol 33 (2) ◽  
Author(s):  
Tue Nguyen Dang
Keyword(s):  
Higher Education ◽  
Multiple Regression ◽  
Financial Literacy ◽  
Urban Areas ◽  
Logistic Models ◽  
Factors Affecting ◽  
Financial Behaviors ◽  
Financial Decisions ◽  
Literacy Level

This research examines the factors affecting the financial literacy of Vietnamese adults. Using a sample of 266 observations of adults in 2 big cities in Vietnam (Hanoi and Vinh in Nghe An Province), the author evaluates the literacy level of adults in these urban areas. The financial literacy of the interviewed people is low. The multiple regression results show that lower financial literacy levels associate with higher age and married status and higher financial literacy levels associate with higher education, more family members, the person making financial decisions and the person attending a useful financial course. This research also explores the association between financial literacy and financial behaviors of individuals employing logistic models. It is found that higher financial literacy associates with less probability of overspending and higher probability of saving money and careful spending. Higher financial literacy is also found to associate with higher probability of opening a savings account and making various investments. 

scholarly journals Financial Literacy Level of Individuals and Its Relationships to Demographic Variables

2017 ◽  
Vol 8 (3) ◽  
pp. 19-26 ◽  
Author(s):  
Murat Yıldırım ◽  
Fatih Bayram ◽  
Ahmet Oğuz ◽  
Gülay Günay
Keyword(s):  
Financial Literacy ◽  
Demographic Variables ◽  
Economic Conditions ◽  
Financing System ◽  
Strong Basis ◽  
Iron And Steel ◽  
Financial Behaviors ◽  
Financial Decisions ◽  
Standards Of Living ◽  
Literacy Level

Abstract Families act in an environment of financing system which includes the pressure of the economic powers. Under these economic conditions, standards of living of individuals who fail to take optimal financial decisions and to exhibit due financial behaviors undergo some change. Individuals’ self-consciousness on financial issues will not only prepare them for prospective hard economic conditions that may emerge in the future but also supports the development of the country on strong basis. In this perspective, the awareness of financial literacy will help to use the limited sources more affectively. Recently in this economic pressure financial literacy has become an increasingly important topic. The main purpose of this study is examining individual’s financial literacy level and determining the relationship between demographic variables and financial literacy. Participants in the study consist of individual who are employees in iron and steel industry and dwelling in Karabuk, Turkey. A total of 304 employees are participated in the study on a voluntary basis. Data were collected through a demographic information form, Financial Literacy Index developed by Van Rooji et al. (2011). Financial Literacy Index includes two sections: basic financial literacy (5 items) and advantage financial literacy (11 items). Results indicated that only 8.9% of the participants have correctly answered the five basic financial literacy items. The proportion of the correct answered in advantage financial literacy section (11 items) was too low (0.3%). The statistical analyses displayed that from demographic variables only education and monthly income was important determinant, both of basic and advantage financial literacy (p<0.05). The results of this research have significant implications for individuals, policymakers and educators in their search of strategies for improving individuals’ financial literacy level.

The Influence Of Financial Literacy Towards Financial Behavior

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
ANGGINA DWI RESWARI ◽  
SUDARTO SUDARTO ◽  
EKANINGTYAS WIDYASTUTI
Keyword(s):  
Marital Status ◽  
Survey Research ◽  
Financial Literacy ◽  
Research Method ◽  
Personal Finance ◽  
Financial Behavior ◽  
Sampling Techniques ◽  
Factors Affecting ◽  
Literacy Level

The ability to manage personal finance has become increasingly important in today’s world.The study about personal finance is challenging to be investigated, due to the rare ofresearch regarding this topic. This research is aim to know the influence of demographicfactors towards financial literacy and its impact towards financial behavior from the membersof SMEs under the guidance of Bank Indonesia in Banyumas. The research methodologythat used in this study is a case study with survey research method. Convenience samplingtechnique derived from non-probability sampling techniques are used for sample selection.The sample of this research are 83 respondents and used the OLS as the model estimation.The results of this study indicate that education significantly influences the financial literacylevel and the financial behavior level. Then, income also significantly affects financialbehavior, but does not affect a person's financial literacy. Surprisingly, the financial literacydoes not affect the financial behavior of the members and other variables such as gender,age, and marital status also do not affect both financial literacy level and financial behaviorlevel. This result could give evidence about the factors affecting financial literacy andfinancial behavior thus it could give the implications to the Bank Indonesia and the SMEs forincreasing the personal financial ability as a whole.

scholarly journals The Assessment of Financial Literacy: New Evidence from Europe

2019 ◽  
Vol 7 (3) ◽  
pp. 54 ◽  
Author(s):  
Nicolini ◽  
Haupt
Keyword(s):  
Financial Literacy ◽  
Selection Process ◽  
Financial Education ◽  
Assessment Tools ◽  
Financial Behaviors ◽  
Financial Decisions ◽  
The Uk ◽  
New Evidence ◽  
The Relationship ◽  
Literacy Research

The hypothesis that people with more financial literacy make better financial decisions and show positive financial behaviors is crucial for more than one stakeholder. A weak connection between financial literacy and financial behaviors jeopardizes the opportunity to invest in financial education and to develop a consumer protection framework based on the chance to develop aware and responsible financial consumers. This study uses data from different countries (Germany, France, Italy, Sweden, the UK), using surveys devised and fielded specifically to measure financial literacy and in order to assess if the availability of a broad set of items on financial literacy allows to develop new measures of financial literacy to better understand the relationship between financial literacy and financial behaviors. The well-established Lusardi–Mitchell questions are compared with measures that differ in terms of number of items (the “50-items” index), range of topics (the “5-specific” index), or selection process of the items (the “unbiased” index). Results support the hypothesis that the Lusardi–Mitchell questions remain a good measure in a first-step analysis, but a deeper understanding of the connection between financial literacy and financial behaviors benefits from the measures proposed in the study, that should be considered as additional assessment tools in financial literacy research.

The Argument for Teaching Financial Literacy at Higher-Education Institutions

2016 ◽  
Vol 43 (3) ◽  
pp. 349-365 ◽  
Author(s):  
SHERI GEDDES ◽  
TODD STEEN
Keyword(s):  
Higher Education ◽  
Postsecondary Education ◽  
Financial Literacy ◽  
Higher Education Institutions ◽  
Financial Education ◽  
Well Being ◽  
Academic Programs ◽  
Human Flourishing ◽  
Substantial Impact ◽  
Financial Decisions

ABSTRACT Evidence suggests that financial decisions have a substantial impact on human flourishing. This paper examines the arguments for higher-education institutions to take a role in the provision of financial education for their students, families and alumni, who often incur substantial debt and make other sacrifices to obtain a postsecondary education. It also analyzes the current state of financial education at 322 higher-education institutions. While many postsecondary institutions have embraced some aspects of financial education, other higher-education institutions appear reluctant to infuse this multidisciplinary topic into their academic programs. Colleges and universities should consider developing robust programs that boost financial literacy and improve lifelong economic well-being.

scholarly journals Nature and Trend of Female Participation in Higher Education in Assam: A Case Study of Gauhati University

2021 ◽  
Vol 58 (2) ◽  
pp. 361-369
Author(s):  
Sourav Saha
Keyword(s):  
Higher Education ◽  
Rural Areas ◽  
Urban Areas ◽  
Secondary Data ◽  
Economic Transformation ◽  
Female Participation ◽  
Participation In Higher Education ◽  
The University ◽  
Women Participation

 Higher education plays a crucial role in socio-economic transformation of a country. At present the rate of female participation in higher education has been increasing, especially in the urban and sub-urban areas of the State Assam. But this scenario is very much disheartening in the State’s rural areas. Very recently, some new universities have been established in Assam which makes the rate of female participation in higher education increased. However, the involvement of female in different technical and job oriented courses is still lagging behind. The present study is therefore an attempt to analyse the trend and pattern of women participation in different faculties of Gauhati University and also to investigate the socio-cultural factors behind the low rate of female participation in some particular faculties. The study is based on secondary data collected from the office of the university.

scholarly journals Dropout Policy in Czech Higher Education: Can Universities Serve Several Masters?

2015 ◽  
Vol 9 (1) ◽  
pp. 126-136 ◽  
Author(s):  
Václav Švec ◽  
Aleš Vlk ◽  
Šimon Stiburek
Keyword(s):  
Higher Education ◽  
Higher Education Policy ◽  
Higher Education Institutions ◽  
Third Mission ◽  
Environmental Pressures ◽  
Factors Affecting ◽  
Higher Education System ◽  
The Social ◽  
Economic Nature

Abstract The purpose of this study is to explore the way higher education institutions adapt to environmental pressures. These pressures can be represented either by various demands or by specific policies. Dropout policy is examined on a Czech case study in order to demonstrate that at the end of the day, higher education institutions respond mainly to the most pressing challenges of an economic nature in the most rational way. As a result, their traditional mission (teaching, research, the third mission), and mainly the social function of the higher education system, may be at stake. At the same time, this study illustrates how difficult it is to introduce any higher education policy without thorough evaluation of other policies in place and of various factors affecting institutional behaviour.

scholarly journals The effects of higher education and financial literacy to pro-environmental behavior in women community

2020 ◽  
Vol 211 ◽  
pp. 01002
Author(s):  
Donna Asteria ◽  
Habibulah Adi Negoro ◽  
Dyah Utari
Keyword(s):  
Higher Education ◽  
Environmental Management ◽  
Waste Management ◽  
Financial Literacy ◽  
Urban Areas ◽  
Formal Education ◽  
Environmental Behavior ◽  
Financial Education ◽  
Primary Data ◽  
Essential Information

It is assumed that efforts to overcome environmental problems in urban areas can be overcome through education. The education provided to women will increase women’s contributions as strategic actors in environmental management. This study aimed to determine the effect of formal education and financial education on women on pro-environmental behavior. The research was conducted with a quantitative approach, with a survey by questionnaire to measure pro-environmental education and behavior based on women’s participation in waste management training. The primary data collection with purposive sampling to women population in Jagakarsa District, South Jakarta, Indonesia, where fair women who were recorded in essential information collection. The study has been driven on a person-level (not family level), with a total of 400 respondents. The findings in this study are that there is a significant relationship between formal education in higher education and women’s involvement in environmental management. Meanwhile, the relationship between financial literacy and environmental concerns shows insignificant results. The implication of this research is to provide alternative strategies to increase the involvement of women in urban areas in environmental management, especially waste management, through policies of equal access to higher education and equal opportunities in economic activities to improve their welfare.

Fire Risk in Informal Settlements: A South African Case Study

2006 ◽  
Vol 31 (1) ◽  
pp. 98-105
Author(s):  
James Morrissey ◽  
Anna Taylor
Keyword(s):  
South African ◽  
Urban Areas ◽  
Informal Settlement ◽  
Effective Means ◽  
Fire Risk ◽  
Factors Affecting ◽  
Reduction Strategies ◽  
Risk Reduction Strategies ◽  
Urban Risk

With the increased concentration of populations in urban areas and the consequent occupation of marginal land, largely by the poor, the need for effective means of understanding and managing urban risk is immense. This paper explores the existence and variability of fire risk in the informal settlement of “Imizamo Yethu”, an informal settlement situated in Cape Town, South Africa. The case study mainly analyses the factors influencing the conditions of risk. It highlights the need for a shift away from the hegemonic dialogue around so-called natural disasters and goes further to challenge the view of risk as an interaction between external, natural hazards and internally generated vulnerability. The paper explores how different factors affecting fire risk operate at different scales and the resulting importance of recognising and understanding intra-community and even intra-household variability of risk. In so doing, it becomes evident that for risk reduction strategies to be effective, focus cannot simply be placed on structural interventions, but must encompass elements of social development which are sensitive to current livelihood strategies.

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