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| Leo Van Hove and Muzaffarjon Ahunov |
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| ''How reliable are financial-literacy country rankings?'' |
| ( 2024, Vol. 44 No.4 ) |
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| Gignac and Ooi (2022) show that financial literacy tests composed of fewer than ten questions suffer from low internal consistency reliability. This note shows that the issue also limits the reliability and relevance of country rankings based on such tests. |
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| Keywords: financial literacy, Big Three, OECD/INFE, country rankings |
JEL: G2 - Financial Institutions and Services: General
D1 - Household Behavior: General |
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| Manuscript Received : Aug 26 2024 | | Manuscript Accepted : Dec 30 2024 |
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