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dc.contributor.authorCameron, Michael Patrick
dc.contributor.authorCalderwood, Richard John
dc.contributor.authorCox, Ashleigh
dc.contributor.authorLim, Steven
dc.contributor.authorYamaoka, Michio
dc.date.accessioned2013-06-17T03:59:00Z
dc.date.available2013-06-17T03:59:00Z
dc.date.issued2013-03
dc.identifier.citationCameron, M. P., Calderwood, R. J., Cox, A., Lim, S. & Yamaoka, M. (2013). Personal financial literacy among high school students in New Zealand, Japan and the United States. (Department of Economics Working Paper Series, Number 13/04). Hamilton, New Zealand: University of Waikato.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/7715
dc.description.abstractPersonal financial literacy is becoming increasingly important in the modern world, especially for young people. In this paper we compare financial literacy of high school students in Hamilton, New Zealand, with samples from Japan and the United States. We compare not only overall financial literacy, but also literacy across five dimensions (or ‘themes’) of financial literacy, and across three cognitive levels. We find that financial literacy is poor overall in all three countries, but is substantially worse in New Zealand and the United States than in Japan. The performance is similar across themes and cognitive levels for U.S. and New Zealand students, but Japanese students perform better mostly in terms of their greater knowledge of terminology and definitions, rather than better comprehension and ability to apply their knowledge. This suggests that all three countries should work harder to develop the financial literacy of their high school students.en_NZ
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherUniversity of Waikatoen_NZ
dc.relation.ispartofseriesDepartment of Economics Working Paper Seriesen_NZ
dc.rights©2013 The Authorsen_NZ
dc.subjectfinancial literacyen_NZ
dc.subjectNew Zealanden_NZ
dc.subjectJapanen_NZ
dc.subjectUnited Statesen_NZ
dc.titlePersonal financial literacy among high school students in New Zealand, Japan and the United Statesen_NZ
dc.typeWorking Paperen_NZ
uow.relation.series13/04en_NZ


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