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Financial Literacy a 21st Century Skill - Cross-cultural Approaches to Research IRN

IRN Start Date: February 1, 2013

 

This IRN primarily seeks to develop frameworks, models, and instruments for international discussion on research relating to financial literacy. A second objective is to produce a publication resulting from the collaboration and discussions within the IRN. The IRN will draw on the expertise and perspectives of researchers on an international scale and cross cultural basis, and will add valuable insights on how future research on this important topic may be framed and implemented.


The subject of financial literacy is important in all countries and cultures in the world. However, formal education for fostering financial literacy varies greatly around the world. Research has been conducted on some aspects of this issue, for example on respective curricula, on statistical evidence on indebtedness and/or poverty indicating poor levels of financial literacy. A larger number of reports exists which claim insufficient levels of knowledge for financial issues throughout the world. The OECD has followed the issue for more than two centuries, and has developed a framework for an international Large-Scale Assessment on Financial Literacy. The Importance of financial literacy for individuals as well as for economies, however, has no equivalent in systematic research activities. In a recent report (OECD 2012) notes that "…there are currently very few data on the levels of financial literacy amongst young people (…), and none that can be compared across countries. (…) This is a serious omission.” This IRN will bring together scholars from around the world who have the potential of stimulating important research on financial literacy issues.

 

Organizers:

Klaus Breuer

Johannes-Gutenberg University Mainz, Germany

Professor on Economics Education

Jakob-Welder-Weg 9, D-55099 Mainz

breuer@uni-mainz.de

 

Sunil Behari Mohanty

General Secretary, AIAER

Flat 1, Beatitude Apt. 2

6/B Selvarj Street

Vaithikupanm

Pondicherry- 605 012

India

sunil@aiaer.net

 

List of Participants

 

References

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