A methodological issue in the measurement of financial literacy

Journal of Economics and Economic Education Research

Volumn 9, Issue 2, 2008, Pages 43-59

  Hill, Robert R ^a   Perdue, Grady ^a  

^a UNIVERSITY OF HOUSTON   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 70349509288     PISSN: 15333604     EISSN: 15333590     Source Type: Journal    
DOI: None     Document Type: Article

References (35)

1. Badu, Y.A., K.N. Daniels, and D.P. Salandro (1999). An empirical analysis of differences in Black and White asset and liability combinations. Financial Services Review, 8 (3), 129-147.
2. Bajtelsmit, V.L., and A. Bernasek (1996). Why do women invest differently than men? Financial Counseling and Planning, 7, 1-10.
3. Bajtelsmit, V.L., A. Bernasek, and N.A. Jianakoplos (1999). Gender differences in defined contribution decisions. Financial Services Review, 8 (1), 1-10.
4. Blau, F.D., and J.W. Graham (1990). Black-white differences in wealth and asset composition. Quarterly Journal of Economics, 105 (2) 321-339.
5. Bodie, Z. (2003). Thoughts on the future: Life-cycle investing in theory and proactive. Financial Analysts Journal, Jan/Feb, 24-29.
6. Bodie, Z., and D.B. Crane (1997). Personal investing: advice, theory, and evidence. Financial Analysts Journal, 53, 13-23.
7. Bodie, Z., R.C. Merton, and W.F. Samuelson (1992). Labor supply flexibility and portfolio choice in a life cycle model. Journal of Economic Dynamics and Control, 16, 437-449.
8. Bogart, L. (1967). No opinion, don't know, and maybe no answer. Public Opinion Quarterly, 31 (3), 331-345.
9. Chen, H., and R. Volpe (1998). An analysis of personal financial literacy among college students. Financial Services Review, 7 (2), 107-128.
10. Chen, H., and R. Volpe (2002). Gender Differences in Personal Financial Literacy Among College Students. Financial Services Review, 11 (3), 289-307.
11. Clements, J. (2008). He Invests, She Invests: Who Gets the Better Returns? The Wall Street Journal, February 6, D1.
12. Coleman, S. (2003). Risk tolerance and the investment behavior of Black and Hispanic heads of household. Financial Counseling and Planning, 14 (2), 43-52.
13. Dolvin, D.D., and W.K. Templeton (2006). Financial education and asset allocation. Financial Services Review, 15 (2), 133-149.
14. Francis, J.D., and L. Busch (1975). What we now know about "I don't knows." Public Opinion Quarterly, 39, 207-218.
15. Goldsmith, R.E. (1989). Reducing Spurious Response in a Field Survey. The Journal of Social Psychology, 129 (2), 201-212.
16. Gutter, M.S., J.J. Fox, and C.P. Montalto (1999). Racial differences in investor decision making. Financial Services Review, 8 (3), 149-162.
17. Hallahan, T.A., R.W. Faff, and M.D. McKenzie (2004). An empirical investigation of personal financial risk tolerance. Financial Services Review, 13, 57-78.
18. Hariharan, G., K.S. Chapman, and D.L. Domian (2000). Risk tolerance and asset allocations for investors nearing retirement. Financial Services Review, 9 (2), 159-170.
19. Keister, L.A. (2000). Race and wealth inequality: The impact of racial differences in asset ownership on the distribution of household wealth. Social Science Research, 29, 477-502.
20. Krosnick, J.A., A.L. Holbrook, M.K. Berent, R.T. Carson, W.M. Hanemann, R.J. Kopp, R.C. Mitchell, S. Presser, P.A. Ruud, V.K. Smith, W.R. Moody, M.C. Green, and M. Conaway (2002). The impact of "no opinion" response options on data quality. Public Opinion Quarterly, 66 (3), 371-403.
21. Kruskal, W.H., and W.A. Wallis (1952). Use of ranks in one-criterion variance analysis. Journal of the American Statistical Association, 47 (260): 583-621.
22. Mondak, J.J. (2001). Developing Valid Knowledge Scales. American Journal of Political Science, 45 (1), 224-238.
23. Plath, D.A., and T.H. Stevenson (2000) Financial services and the African-American market: what every financial planner should know. Financial Services Review, 9 (4), 343-359.
24. Poe, G.S., I. Seeman, J. McLaughlin, E. Mehl, and M. Dietz (1988). "Don't Know" boxes in factual questions in a mail questionnaire. Public Opinion Quarterly, 52, 212-222.
25. Sanchez, M.E., and G. Morchio (1992). Probing "don't know" answers. Public Opinion Quarterly, 56, 454-474.
26. Schaeffer, N.C., and S. Presser (2003). The Science of Asking Questions. Annual Review of Sociology, 29 (1), 65-88.
27. Shaw, K. (1996). An empirical analysis of risk aversion and income growth. Journal of Labor Economics, 14 (4), 626-653.
28. Sidick, J.T., G.V. Barrett, and D. Doverspike (1994). Three-alternative multiple choice tests: An Attractive option. Personnel Psychology, 47, 829-835.
29. Volpe, R.P, H. Chen, and S. Liu (2006). An analysis of the importance of personal finance topics and the level of knowledge possessed by working adults. Financial Services Review, 15, 81-98.
30. Volpe, R.P., H. Chen, and J.J. Pavlicko (1996). Investment literacy among college students: A survey. Financial Practice and Education, 6 (2), 86-94.
31. Waggle, D., and B. Englis (2000). Asset allocation decisions in retirement accounts: an allor-nothing proposition? Financial Services Review, 9 (1), 79-92.
32. nd ed., edited by R.L. Thorndike, American Council on Education, Washington, D.C.
33. Worthington, A.C. (2006). Predicting financial literacy in Australia. Financial Services Review, 15 (1), 59-79.
34. Yao, R., M.S. Gutter, and S.D. Hanna (2005). The Financial Risk Tolerance of Blacks, Hispanics, and Whites. Financial Counseling and Planning, 16 (1), 51-62.
35. Zhong, L.X., and J.J. Xiao (1995). Determinants of family bond and stock holdings. Financial Counseling and Planning, 6, 107-114.