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FİNANSAL BİLGİ HAKKINDA NE BİLİYORUZ? BİR LİTERATÜR TARAMASI

Yıl 2012, Cilt: 20 Sayı: 2, 23 - 38, 25.12.2012
https://doi.org/10.29228/mjes.118

Öz

Bu makale finansal okuma ikilemi hakkında bir literatür taraması sunmaktadır.
Bireylerin ve ailelerin finansal karar alma süreçleri son yıllarda daha hayati bir
hale gelmiştir. Giderek daha küreselleşen ve riskli hale gelen pazarlar göz önüne
alındığında, küresel finans krizinin güncel bağlamı ve finansal ürün ve hizmetlerin
gittikçe karmaşık hale gelmesi, bireylerin iyi bilgilendirilmiş olmasını ve doğru
kararlar vermesini zorunlu hale getirmektedir. Sonuç olarak, daha yüksek
düzeylerdeki finansal bilgi birikimi daha kapsamlı ekonomik büyümeye ve
kalkınmaya katkı sağlamaktadır. Bununla birlikte, genel olarak finansal okumadaki zayıflık, okul müfredatlarında finansal eğitim programlarına ihtiyaç duyulduğunu
göstermiştir. Finansal okumayla hem yatırım kararları hem de emeklilik
programları arasında olumlu bir ilişki olduğuna ilişkin kanıtlar da vardır. Bugüne
kadar yapılan çalışmalar, yaş, cinsiyet, iş tecrübesi, gelir ve eğitim düzeyi gibi
sosyoekonomik koşulların finansal bilgi, tutum ve davranışları etkilediğini ortaya
koymaktadır.

Kaynakça

  • Allen, M. W., Edwards, R., Hayhoe, C. R., & Leach, L. (2007). Imagined interaction, attitudes towards money and credit, and family coalitions. Journal of Family and Economic Issues, 28, 3-22.
  • Almenberg, J., & Säve-Söderbergh, J. (2011). Financial literacy and retirement planning in Sweden. Journal of Pension Economics & Finance, 10(4), 585-598.
  • Altintas, K. M. (2011). The dynamics of financial literacy within the framework of personal finance: An analysis among Turkish university students. African Journal of Business Management, 5(26), 10483-10491.
  • Ameriks, J., Caplin, A., & Leahy, J. (2003). Wealth accumulation and the propensity to Plan. Quarterly Journal of Economics, 68, 1007-1047.
  • Atkinson, A. A., & Messy, F. (2011). Assessing financial literacy in 12 countries: An OECD Pilot Exercise. Journal of Pension Economics & Finance, 10(4), 657-665.
  • Atkinson, A., McKay, S., Collard, S., & Kempson, E. (2007). Levels of financial capability in the UK. Public Money and Management, 27(1), 29-36.
  • Banco Espírito Santo – BES (2006). “Os estudantes, a matemática e a vida financeira”. Lisbon: Centre of Banco Espírito Santo Studies.
  • Banco de Portugal (2010). Survey on the financial literacy on the Portuguese population. Retrieved: March 15, 2012, from http://clientebancario.bportugal.pt.
  • Beal, D. J., & Delpachitra, S. B. (2003). Financial literacy among Australian university students. Economic Papers, 22(1), 65-78.
  • Benavente, A. (1996). “A Literacia em Portugal: resultados de uma pesquisa extensiva e monográfica”. Fundação Calouste Gulbenkian. Lisbon: Conselho Nacional de Educação. ISBN: 972-31-0713-9.
  • Borden, L. M., Lee, S., Serido, J., & Collins, D. (2008). Changing college students’ financial knowledge, attitudes, and behavior through seminar participation. Journal of Family and Economic Issues, 29, 23-40.
  • Bucher-Koenen, T., & Lusardi, A. (2011). Financial literacy and retirement planning in Germany. Journal of Pension Economics & Finance, 10(4), 565-584.
  • Buckland, J. (2010). Are low-income Canadians financially literate? Financial literacy in the context of personal and structural constrains. Adult Education Quarterly, 60(4), 357-376.
  • Calvet, L., Campbell, J., & Sodini, P. (2007). Down or out: assessing the welfare costs of household investment mistakes. Journal of Political Economy, 115, 707-747.
  • Carpentier, C. & Suret, J. (2012). “Financial knowledge and rationality of Canadian investors”. Working Paper from http://ssrn.com/abstract=2038930.
  • Chen, H., & Volpe, R. P. (2002). Gender differences in personal financial literacy among college students. Financial Services Review, 11(3), 289-307.
  • Chen, H., & Volpe, R. P. (1998). An analysis of personal financial literacy among college students. Financial Services Review, 7(2), 107-128.
  • Christelis, D., Jappelli, T., & Padula, M. (2010). Cognitive abilities and portfolio choice. European Economic Review, 54, 18-38.
  • Clarke, M. D., Heaton, M. B., Israelsen, C. L., & Eggett, D. L. (2005). The acquisition of family financial roles and responsibilities. Family and Consumer Sciences Research Journal, 33, 321- 340.
  • Comissão do Mercado de Valores Mobiliários – CMVM (2009). “O perfil do investidor particular Português”, Estudos CMVM, 3, p. 1-19. Retrieved: March 24, 2012 from http://www.cmvm.pt/
  • CMVM/Estudos/Em%20Arquivo/Documents/EstudoCMVM0320093.pdf.
  • Crossan, D., Feslier, D., & Hurnard, R. (2011). Financial literacy and retirement planning in New Zealand. Journal of Pension Economics & Finance, 10(4), 619-635.
  • DeBondt, W. (1998). A portrait of individual investor. European Economic Review, 42(3-5), 831-844.
  • Finke, M., S., Howe, J. & Huston, S. J. (2011). “Old Age and the Decline in Financial Literacy”, Working Paper from http://ssrn.com/abstract=1948627.
  • Fornero, E., & Monticone, C. (2011). Financial literacy and pension plan participation in Italy. Journal of Pension Economics & Finance, 10(4), 547-564.
  • Fox, J. J., Bartholomae, S., & Lee, J. (2005). Building the Case for Financial Education. Journal of Consumer Affairs, 39, 195-214.
  • Grable, J. E., & Joo, S. (1998). Does financial education affect knowledge, attitudes, and behavior? An empirical analysis. Personal Finances and Worker Productivity, 2(2), 213- 220.
  • Hastings, J., & Mitchell, O. S. (2011). “How financial literacy and impatience shape retirement wealth and investment behaviors”. NBER Working Paper No. 16740.
  • Hastings, J., Mitchell, O. S., & Chyn, E. (2010). “Fees, framing, and financial literacy in the choice of pension managers”. Pension Research Council Working Paper, Wharton School.
  • Henriques, S. M. (2010). “Aspetos da literacia financeira dos Portugueses: um estudo empírico”, Master Thesis, Aveiro, DC: University of Aveiro, Portugal.
  • Hoare, S. (2003). Making it all. Financial World, 32-37.
  • Huston, S. J. (2010). Measuring financial literacy. Journal of Consumer Affairs, 44(2), 296-316.
  • Jennings, M., Werbel, J. D., & Power, M. L. (2003). The impact of benefits on graduating student willingness to accept job offers. Journal of Business Communication, 40(4), 289-302.
  • Johnson, E., & Sherradden, M. S. (2007). From financial literacy to financial capability among youth. Journal of Sociology and Social Welfare, 34(3), 19-146.
  • Jorgensen, B. L., & Savla, J. (2010). Financial literacy of young adults: The importance of parental socialization. Family Relations, 59, 465-478.
  • Kefela, G. (2010). Implications of financial literacy in developing countries. African Journal of Business Management, 5(9), 3699-3705.
  • Kindle, P. (2010). Student perceptions of financial literacy: relevance to practice”, Journal of Social Service Research, 36(5), 170-481.
  • Klapper, L. F., Lusardi, A. & Panos, G. A. (2012). “Financial literacy and the financial crisis”. Working Paper from http://ssrn.com/abstract=2013864.
  • Korniotis, G. M. & Kumar, A. (2011). Do older investors make better investment decisions?, The Review of Economics and Statistics, 93(1), 244-265.
  • Lusardi, A. (2003). “Saving and the Effectiveness of Financial Education”, PRC Working Paper 2003-14.
  • Lusardi, A., & Mitchell, O. S. (2011a). Financial literacy around the World: an overview. Journal of Pension Economics & Finance, 10(4), 497-508.
  • Lusardi, A., & Mitchell, O. S. (2011b). Financial literacy and retirement planning in the United States. Journal of Pension Economics & Finance, 10(4), 509-525.
  • Lusardi, A., & Mitchell, O. S. (2009). “How ordinary consumers make complex economic decisions: financial literacy and retirement readiness”. NBER Working Paper 15350.
  • Lyons, A. C., & Hunt, J. L. (2003). The credit practices and financial education needs of community college students. Association for Financial Counseling and Planning Education, 14(1), 63-74.
  • Mandell, L. (2008). “The financial literacy of young American adults: Results of the 2008 national Jump Start coalition survey of high school seniors and college students”. Retrieved: March 19, 2012 from JumpStart Coalition for Personal Financial Literacy: from http://www.jumpstartcoalition.org/upload/2009Book complete after Lew Edits.pdf.
  • Mak, V. & Braspenning, J. J. (2012). “Errare humanum est. financial literacy in European consumer credit law”. Working Paper from http://ssrn.com/abstract=2016862.
  • Mendes, V., & Abreu, M. (2006). “Cultura financeira dos investidores e diversificação das carteiras”. CMVM Working paper, Lisbon.
  • Oehler A., & Werner, C. (2008). Saving for retirement: a case for financial education in Germany and UK? An economic perspective. Journal of Consumer Policy, 31, 253-283.
  • Power, M. L., Hobbs, J. M., & Ober, A. (2011). An empirical analysis of the effect of financial education business students’ perceptions on graduating business students’ perceptions of their retirement planning familiarity, motivation, and preparedness. Risk Management and Insurance Review, 14(1), 89-105.
  • Shefrin, H. (2007), Behavioral corporate finance: Decisions that create value. McGraw Hill Irwin.
  • Sherraden, M. S., Johnson, L., Elliot, W., Porterfield, S., & Rainford, W. (2007). School-Based children’s saving accounts for college: The “I can save” program. Children and Youth Services Review, 29(3), 294-312.
  • Szpringer, W. (2007). Improving financial literacy: reconciling suppliers and consumers?. Finance & The Common Good, III(28/29), 159-166.
  • Tomássková, H., Mohelská, H., & Nemcová, Z. (2011). Issues of financial literacy education. Social and Behavioral Sciences, 28, 365-369.
  • Van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2011a). Financial literacy and retirement planning in the Netherlands. Journal of Economic Psychology, 32, 593-608.
  • Van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2011b). Financial literacy and stock market participation. Journal of Financial Economics, 101, 449-472.
  • Xiao J. J., Sorhaindo, B., & Garman, E. T. (2006). Financial behavior of consumers in credit counseling. International Journal of Consumer Studies, 30, 108-121.
  • Wagland, S. P., & Taylor, S. (2009). When it comes to financial literacy, is gender really an issue?. Australasian Accounting Business and Finance Journal, 3(1), 13-25.
  • Willis, L. E. (2008). Against Financial Literacy Education. Iowa Law Review, 94, 197-285.

WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW

Yıl 2012, Cilt: 20 Sayı: 2, 23 - 38, 25.12.2012
https://doi.org/10.29228/mjes.118

Öz

This article provides a literature review about the dilemma of financial literacy. The individuals and families’ financial decision process is getting more vital in recent years. Given the increasingly risky and globalized markets, the actual context of global financial crisis and the continuous increasing in the complexity of financial products and services, individuals must be able to make well-informed and correct decisions. Consequently, higher levels of financial knowledge contribute to more extensive economic growth and development. However, it has been shown that, in global terms, the financial literacy present low values, which suggest the need of financial educational programs in the schools curricula. There is also evidence of a positive relationship between financial literacy and investment decisions, as well as retirement programs. Studies conducted to date suggest that there are socioeconomic conditions that influence the financial knowledge, attitudes and behaviours, such as age, gender, work experience, income and education level.

Kaynakça

  • Allen, M. W., Edwards, R., Hayhoe, C. R., & Leach, L. (2007). Imagined interaction, attitudes towards money and credit, and family coalitions. Journal of Family and Economic Issues, 28, 3-22.
  • Almenberg, J., & Säve-Söderbergh, J. (2011). Financial literacy and retirement planning in Sweden. Journal of Pension Economics & Finance, 10(4), 585-598.
  • Altintas, K. M. (2011). The dynamics of financial literacy within the framework of personal finance: An analysis among Turkish university students. African Journal of Business Management, 5(26), 10483-10491.
  • Ameriks, J., Caplin, A., & Leahy, J. (2003). Wealth accumulation and the propensity to Plan. Quarterly Journal of Economics, 68, 1007-1047.
  • Atkinson, A. A., & Messy, F. (2011). Assessing financial literacy in 12 countries: An OECD Pilot Exercise. Journal of Pension Economics & Finance, 10(4), 657-665.
  • Atkinson, A., McKay, S., Collard, S., & Kempson, E. (2007). Levels of financial capability in the UK. Public Money and Management, 27(1), 29-36.
  • Banco Espírito Santo – BES (2006). “Os estudantes, a matemática e a vida financeira”. Lisbon: Centre of Banco Espírito Santo Studies.
  • Banco de Portugal (2010). Survey on the financial literacy on the Portuguese population. Retrieved: March 15, 2012, from http://clientebancario.bportugal.pt.
  • Beal, D. J., & Delpachitra, S. B. (2003). Financial literacy among Australian university students. Economic Papers, 22(1), 65-78.
  • Benavente, A. (1996). “A Literacia em Portugal: resultados de uma pesquisa extensiva e monográfica”. Fundação Calouste Gulbenkian. Lisbon: Conselho Nacional de Educação. ISBN: 972-31-0713-9.
  • Borden, L. M., Lee, S., Serido, J., & Collins, D. (2008). Changing college students’ financial knowledge, attitudes, and behavior through seminar participation. Journal of Family and Economic Issues, 29, 23-40.
  • Bucher-Koenen, T., & Lusardi, A. (2011). Financial literacy and retirement planning in Germany. Journal of Pension Economics & Finance, 10(4), 565-584.
  • Buckland, J. (2010). Are low-income Canadians financially literate? Financial literacy in the context of personal and structural constrains. Adult Education Quarterly, 60(4), 357-376.
  • Calvet, L., Campbell, J., & Sodini, P. (2007). Down or out: assessing the welfare costs of household investment mistakes. Journal of Political Economy, 115, 707-747.
  • Carpentier, C. & Suret, J. (2012). “Financial knowledge and rationality of Canadian investors”. Working Paper from http://ssrn.com/abstract=2038930.
  • Chen, H., & Volpe, R. P. (2002). Gender differences in personal financial literacy among college students. Financial Services Review, 11(3), 289-307.
  • Chen, H., & Volpe, R. P. (1998). An analysis of personal financial literacy among college students. Financial Services Review, 7(2), 107-128.
  • Christelis, D., Jappelli, T., & Padula, M. (2010). Cognitive abilities and portfolio choice. European Economic Review, 54, 18-38.
  • Clarke, M. D., Heaton, M. B., Israelsen, C. L., & Eggett, D. L. (2005). The acquisition of family financial roles and responsibilities. Family and Consumer Sciences Research Journal, 33, 321- 340.
  • Comissão do Mercado de Valores Mobiliários – CMVM (2009). “O perfil do investidor particular Português”, Estudos CMVM, 3, p. 1-19. Retrieved: March 24, 2012 from http://www.cmvm.pt/
  • CMVM/Estudos/Em%20Arquivo/Documents/EstudoCMVM0320093.pdf.
  • Crossan, D., Feslier, D., & Hurnard, R. (2011). Financial literacy and retirement planning in New Zealand. Journal of Pension Economics & Finance, 10(4), 619-635.
  • DeBondt, W. (1998). A portrait of individual investor. European Economic Review, 42(3-5), 831-844.
  • Finke, M., S., Howe, J. & Huston, S. J. (2011). “Old Age and the Decline in Financial Literacy”, Working Paper from http://ssrn.com/abstract=1948627.
  • Fornero, E., & Monticone, C. (2011). Financial literacy and pension plan participation in Italy. Journal of Pension Economics & Finance, 10(4), 547-564.
  • Fox, J. J., Bartholomae, S., & Lee, J. (2005). Building the Case for Financial Education. Journal of Consumer Affairs, 39, 195-214.
  • Grable, J. E., & Joo, S. (1998). Does financial education affect knowledge, attitudes, and behavior? An empirical analysis. Personal Finances and Worker Productivity, 2(2), 213- 220.
  • Hastings, J., & Mitchell, O. S. (2011). “How financial literacy and impatience shape retirement wealth and investment behaviors”. NBER Working Paper No. 16740.
  • Hastings, J., Mitchell, O. S., & Chyn, E. (2010). “Fees, framing, and financial literacy in the choice of pension managers”. Pension Research Council Working Paper, Wharton School.
  • Henriques, S. M. (2010). “Aspetos da literacia financeira dos Portugueses: um estudo empírico”, Master Thesis, Aveiro, DC: University of Aveiro, Portugal.
  • Hoare, S. (2003). Making it all. Financial World, 32-37.
  • Huston, S. J. (2010). Measuring financial literacy. Journal of Consumer Affairs, 44(2), 296-316.
  • Jennings, M., Werbel, J. D., & Power, M. L. (2003). The impact of benefits on graduating student willingness to accept job offers. Journal of Business Communication, 40(4), 289-302.
  • Johnson, E., & Sherradden, M. S. (2007). From financial literacy to financial capability among youth. Journal of Sociology and Social Welfare, 34(3), 19-146.
  • Jorgensen, B. L., & Savla, J. (2010). Financial literacy of young adults: The importance of parental socialization. Family Relations, 59, 465-478.
  • Kefela, G. (2010). Implications of financial literacy in developing countries. African Journal of Business Management, 5(9), 3699-3705.
  • Kindle, P. (2010). Student perceptions of financial literacy: relevance to practice”, Journal of Social Service Research, 36(5), 170-481.
  • Klapper, L. F., Lusardi, A. & Panos, G. A. (2012). “Financial literacy and the financial crisis”. Working Paper from http://ssrn.com/abstract=2013864.
  • Korniotis, G. M. & Kumar, A. (2011). Do older investors make better investment decisions?, The Review of Economics and Statistics, 93(1), 244-265.
  • Lusardi, A. (2003). “Saving and the Effectiveness of Financial Education”, PRC Working Paper 2003-14.
  • Lusardi, A., & Mitchell, O. S. (2011a). Financial literacy around the World: an overview. Journal of Pension Economics & Finance, 10(4), 497-508.
  • Lusardi, A., & Mitchell, O. S. (2011b). Financial literacy and retirement planning in the United States. Journal of Pension Economics & Finance, 10(4), 509-525.
  • Lusardi, A., & Mitchell, O. S. (2009). “How ordinary consumers make complex economic decisions: financial literacy and retirement readiness”. NBER Working Paper 15350.
  • Lyons, A. C., & Hunt, J. L. (2003). The credit practices and financial education needs of community college students. Association for Financial Counseling and Planning Education, 14(1), 63-74.
  • Mandell, L. (2008). “The financial literacy of young American adults: Results of the 2008 national Jump Start coalition survey of high school seniors and college students”. Retrieved: March 19, 2012 from JumpStart Coalition for Personal Financial Literacy: from http://www.jumpstartcoalition.org/upload/2009Book complete after Lew Edits.pdf.
  • Mak, V. & Braspenning, J. J. (2012). “Errare humanum est. financial literacy in European consumer credit law”. Working Paper from http://ssrn.com/abstract=2016862.
  • Mendes, V., & Abreu, M. (2006). “Cultura financeira dos investidores e diversificação das carteiras”. CMVM Working paper, Lisbon.
  • Oehler A., & Werner, C. (2008). Saving for retirement: a case for financial education in Germany and UK? An economic perspective. Journal of Consumer Policy, 31, 253-283.
  • Power, M. L., Hobbs, J. M., & Ober, A. (2011). An empirical analysis of the effect of financial education business students’ perceptions on graduating business students’ perceptions of their retirement planning familiarity, motivation, and preparedness. Risk Management and Insurance Review, 14(1), 89-105.
  • Shefrin, H. (2007), Behavioral corporate finance: Decisions that create value. McGraw Hill Irwin.
  • Sherraden, M. S., Johnson, L., Elliot, W., Porterfield, S., & Rainford, W. (2007). School-Based children’s saving accounts for college: The “I can save” program. Children and Youth Services Review, 29(3), 294-312.
  • Szpringer, W. (2007). Improving financial literacy: reconciling suppliers and consumers?. Finance & The Common Good, III(28/29), 159-166.
  • Tomássková, H., Mohelská, H., & Nemcová, Z. (2011). Issues of financial literacy education. Social and Behavioral Sciences, 28, 365-369.
  • Van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2011a). Financial literacy and retirement planning in the Netherlands. Journal of Economic Psychology, 32, 593-608.
  • Van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2011b). Financial literacy and stock market participation. Journal of Financial Economics, 101, 449-472.
  • Xiao J. J., Sorhaindo, B., & Garman, E. T. (2006). Financial behavior of consumers in credit counseling. International Journal of Consumer Studies, 30, 108-121.
  • Wagland, S. P., & Taylor, S. (2009). When it comes to financial literacy, is gender really an issue?. Australasian Accounting Business and Finance Journal, 3(1), 13-25.
  • Willis, L. E. (2008). Against Financial Literacy Education. Iowa Law Review, 94, 197-285.
Toplam 58 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Elisabete Simoes Vieira Bu kişi benim

Yayımlanma Tarihi 25 Aralık 2012
Yayımlandığı Sayı Yıl 2012 Cilt: 20 Sayı: 2

Kaynak Göster

APA Simoes Vieira, E. (2012). WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi, 20(2), 23-38. https://doi.org/10.29228/mjes.118
AMA Simoes Vieira E. WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW. MJES. Aralık 2012;20(2):23-38. doi:10.29228/mjes.118
Chicago Simoes Vieira, Elisabete. “WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW”. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi 20, sy. 2 (Aralık 2012): 23-38. https://doi.org/10.29228/mjes.118.
EndNote Simoes Vieira E (01 Aralık 2012) WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi 20 2 23–38.
IEEE E. Simoes Vieira, “WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW”, MJES, c. 20, sy. 2, ss. 23–38, 2012, doi: 10.29228/mjes.118.
ISNAD Simoes Vieira, Elisabete. “WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW”. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi 20/2 (Aralık 2012), 23-38. https://doi.org/10.29228/mjes.118.
JAMA Simoes Vieira E. WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW. MJES. 2012;20:23–38.
MLA Simoes Vieira, Elisabete. “WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW”. Marmara Üniversitesi Avrupa Araştırmaları Enstitüsü Avrupa Araştırmaları Dergisi, c. 20, sy. 2, 2012, ss. 23-38, doi:10.29228/mjes.118.
Vancouver Simoes Vieira E. WHAT DO WE KNOW ABOUT FINANCIAL LITERACY? A LITERATURE REVIEW. MJES. 2012;20(2):23-38.