Abstract

ANTONIO-ANDERSON, Ceyla; PENA CARDENAS, Maricela Carolina  and  LOPEZ SALDANA, Cristina del Pilar. Determinants of financial literacy. Investig. adm. [online]. 2020, vol.49, n.125, 12505.  Epub Sep 11, 2020. ISSN 2448-7678.  https://doi.org/10.35426/iav49n125.05.

This article aimed to analyze the factors that determine the level of financial literacy in Mexican adults, the method used for the analysis was a model of least mean squares (OLS). The results reveal that age, marital status, schooling, number of dependents and income level in the central and southern regions were positively associated with the financial literacy index; while men and the fact of having work, was associated in a negative way. One of the limitations of the study is the number of observations regarding some variables considered. The originality of the work is that evidence is provided considering the characteristics at the individual level for Mexico. The findings obtained may be useful for the design of public policies as well as serve as a basis that allows subsequent studies to be released.

Keywords : financial literacy; index; OLS; adults; education; D14; G53; I22.

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