The Financial Capability of the Youth in Greece

13 Pages Posted: 21 Dec 2022

See all articles by Vasiliki A. Tzora

Vasiliki A. Tzora

University of Piraeus - Department of Business Administration

Nikolaos Philippas

University of Piraeus - Department of Business Administration

Georgios A. Panos

University of Glasgow - Adam Smith Business School

Date Written: December 8, 2022

Abstract

We conduct the first nationally representative measurement of the financial capability of 15-year-old students in Greece. We find discrepancies between the core, the islands, and the periphery of the country. Female students score lower in terms of all knowledge, behaviour, and attitudes. Students in experimental schools, the better performing ones, and those with more educated parents are more financially capable, reflecting the absence of a dedicated personal-finance curriculum. Awareness of household finances is positively related to financial capability. Local economic conditions matter, with students in regions affected more by the crisis exhibiting lower financial capability.

Keywords: Financial capability; Students; Greece; Local environment.

JEL Classification: A20; D14; G53; I21.

Suggested Citation

Tzora, Vasiliki A. and Philippas, Nikolaos and Panos, Georgios A., The Financial Capability of the Youth in Greece (December 8, 2022). Available at SSRN: https://ssrn.com/abstract=4296727 or http://dx.doi.org/10.2139/ssrn.4296727

Vasiliki A. Tzora

University of Piraeus - Department of Business Administration ( email )

80, KARAOLI & DIMITRIOU,PIRAEUS
ATHENS, 18534
Greece

Nikolaos Philippas

University of Piraeus - Department of Business Administration ( email )

80, Karaoli & Dimitriou, Piraueus
Athens, 18534
Greece

Georgios A. Panos (Contact Author)

University of Glasgow - Adam Smith Business School ( email )

Gilbert Scott Building
University Avenue
Glasgow, Scotland G128QQ
United Kingdom

HOME PAGE: http://https://sites.google.com/site/georgiosapanos/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
131
Abstract Views
442
Rank
445,840
PlumX Metrics