Assessment of Individual Financial Literacy Level Depending on Respondent Profile
The 20th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2016): Proceedings. Vol.1 2016
Guna Ciemleja, Konstantins Kozlovskis

Financial literacy plays an important role in ensuring individual’s welfare; hence, it is essential to evaluate individual financial knowledge and skills. In 2015, academic personnel of the Department of Finance, Faculty of Engineering Economics and Management of Riga Technical University conducted research within the project “Enhancing Latvian Citizens’ Securitability through Development of the Financial Literacy” to analyze knowledge as one of the dimensions of financial literacy. A questionnaire was designed taking into consideration aspects of Latvian economic environment so that it could be used to assess the level of financial literacy of respondents from different age groups, of various educational background and employment status. In total 506 respondents took part in the survey. The goals of the current paper are to determine the average level of financial literacy of the Latvian population and to test several hypotheses put forward. Using a multiple regression model, respondent profile data were used as independent variables, and overall 10 models were developed.


Atslēgas vārdi
Financial literacy; Survey; Latvia, Multiple regression analysis.
Hipersaite
http://www.iiis.org/CDs2016/CD2016Summer/papers/SA480VH.pdf

Ciemleja, G., Kozlovskis, K. Assessment of Individual Financial Literacy Level Depending on Respondent Profile. No: The 20th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2016): Proceedings. Vol.1, Amerikas savienotās valstis, Orlando, 5.-8. jūlijs, 2016. Winter Garden: International Institute of Informatics and Systemics (IIIS), 2016, 1.-6.lpp. ISBN 978-1-941763-47-6.

Publikācijas valoda
English (en)
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