Aleš Kozubík
University of Žilina – Faculty of Management Science and Informatics – Department of the Mathematical Methods and Operations Research, Univerzitná 8215/1, 010 26 Žilina, Slovak Republic

DOI: https://doi.org/10.31410/EMAN.S.P.2019.99

3rd International Scientific Conference – EMAN 2019 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 28, 2019, SELECTED PAPERS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty –  Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-19-6, ISSN 2683-4510

Abstract:

Financial literacy belongs to the key components of education for life in modern society and its importance growths every day. Various research studies on this issue have shown that there is a gap among the different sections of people such as men and women, young and adults, rural and urban and also many other categories of people. This article focuses on the university students in former Czechoslovakia that has before 25 years been split into two separate countries. The questionnaire survey method was applied to determine the average score of financial literacy among the students of six different universities. The statistical analysis has shown a surprising significant shift between both countries and as well between regions.

Keywords:

Financial literacy, questionnaire survey, university students, Czech Republic, Slovakia.

REFERENCES

[1] Giesler, M., Veresiu, E. (2014). Creating the Responsible Consumer: Moralistic Governance Regimes and Consumer Subjectivity. Journal of Consumer Research, 41(3), 840–857. https://doi.org/10.1086/677842
[2] Mandell, L. (2007). Financial literacy of high school students. In J.J. Xiao (Ed.), Handbook of Consumer Finance Research (pp. 163-183). New York, NY: Springer.
[3] Kozubíková, Z. (2015). Financial Literacy as an Important Objective of the Education in Economics. In Proceedings of the Conference: Knowledge for market use 2015: women in business in the past and present (pp. 429 – 439). Olomouc: Societas Scientiarium Olomucensis II.
[4] Bumcrot, Ch. B., Lin, J., Lusardi, A. (2011) The Geography of Financial Literacy. RAND Working Paper Series No. WR-893-SSA (November 7, 2011). Available at SSRN: https:// ssrn.com/abstract=1969650 or https://dx.doi.org/10.2139/ssrn.1969650
[5] Fornero, E., Monticone,C., (2011). Financial literacy and pension plan participation in Italy. Journal of Pension Economics and Finance, 10(4), pp. 547-564.
[6] Klapper, L., Panos, G. (2011). Financial literacy and retirement planning: The Russian case. Journal of Pension Economics and Finance, 10(4), pp. 599-618.
[7] Opletalová, A. (2015). Financial education and financial literacy in the Czech education system. In: The 5th Annual International Conference on Education & Educational Psychology, Procedia – Social and Behavioral Sciences 171 (pp.1176 – 1184). doi: 10.1016/j. sbspro.2015.01.229
[8] Kozubíková, Z. (2017). Analysis of The Impact of Economic Education on The Level of Financial Literacy. In: Knowledge for Market Use 2017: People in Economics – Decisions, Behavior and Normative Models. International scientific conference, Olomouc: Societas Scientiarium Olomucensis II, pp. 932-938.
[9] Jappelli, T. (2010). Economic Literacy: An International Comparison. The Economic Journal, Volume 120, Issue 548,). Available at https://doi.org/10.1111/j.1468-0297.2010.02397.x


Share this

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Serbia

https://www.udekom.org.rs/home

Udekom Balkans is a dynamic non-governmental and non-profit organization, established in 2014 with a mission to foster the growth of scientific knowledge within the Balkan region and beyond. Our primary objectives include advancing the fields of management and economics, as well as providing educational resources to our members and the wider public.

Who We Are: Our members include esteemed university professors from various scientific disciplines, postgraduate students, and experts from ministries, public administrations, private and public enterprises, multinational corporations, associations, and similar organizations.

Building Bridges Together: Over the course of nine years since our establishment, the Association of Economists and Managers of the Balkans has established impactful partnerships with more than 1,000 diverse institutions across the Balkan region and worldwide.

EMAN conference publications are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.