Work

Financial literacy: cross-country analysis between Brazil and the Slovak Republic

Year: 2025

Type: article

Abstract: This article compares the financial literacy of Brazilian and Slavic 15-year-olds. The methodology uses data from PISA 2018, applying a multiple linear regression with the determinants of financial literacy for the OECD. The results show differences in financial literacy between male and female adolescents. Financial literacy favors male students over female students, in both Brazil and the Slovak Republic. The variables that influence the formation of financial literacy have heterogeneous impacts only on Brazilian students. The financial education developed in schools is twice as significant for boys, while the influence exerted by the mother's educational level only interferes with girls.

Source: OBSERVATÓRIO DE LA ECONOMÍA LATINOAMERICANA

DOI: 10.55905/oelv23n5-095

Authors: Alexandre Silva de Oliveira, Paulo Sergio Ceretta, Peter Albrecht

Institutions: Universidade Federal do Pampa, Universidade Federal de Santa Maria, Mendel University in Brno

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Reduced inequalities, Quality education, Gender equality

Open Access status: diamond

OpenAlex ID: W4410529647

FWCI:

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Related to: 10