William Fernando Duran León, Olga Lucia Manrique Chaparro, Camilo Andrés Ramírez Rojas
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引用次数: 0
Abstract
Measuring financial capabilities among young people poses a challenge for scholars. In this study, we developed a set of ten scales to assess various behaviors, attitudes, and knowledge, allowing for a comprehensive examination of the construct. We designed a pool of items and invited 746 participants, aged 16 to 29, who were divided into two groups for studying the psychometric properties of the tests. The first group underwent an Exploratory Factor Analysis, while the second group underwent a Confirmatory Factor Analysis. Through these analyses, we identified five dimensions of financial behaviors, four dimensions of financial attitudes, and one dimension of knowledge or financial literacy. The scales were combined to measure two financial capabilities: Financial Saving Capability and Responsible Debt Management Capability. Furthermore, we identified distinct profiles of young people associated with each proposed financial capability. Finally, we offer a conceptual discussion of the financial capabilities construct, present scales with reliable and valid measurements, and propose avenues for future research.
期刊介绍：
Since its foundation in 1974, Social Indicators Research has become the leading journal on problems related to the measurement of all aspects of the quality of life. The journal continues to publish results of research on all aspects of the quality of life and includes studies that reflect developments in the field. It devotes special attention to studies on such topics as sustainability of quality of life, sustainable development, and the relationship between quality of life and sustainability. The topics represented in the journal cover and involve a variety of segmentations, such as social groups, spatial and temporal coordinates, population composition, and life domains. The journal presents empirical, philosophical and methodological studies that cover the entire spectrum of society and are devoted to giving evidences through indicators. It considers indicators in their different typologies, and gives special attention to indicators that are able to meet the need of understanding social realities and phenomena that are increasingly more complex, interrelated, interacted and dynamical. In addition, it presents studies aimed at defining new approaches in constructing indicators.
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