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Measuring Financial Literacy Among Students: An Application Of Rasch Analysis, Paola Bongini, Paolo Trivellato, Mariangela Zenga

Paola Bongini

We examined financial literacy among Italian college students using Rasch analysis. Our findings support the appeal of adopting such technique in measuring financial literacy: the set of information provided is not limited to a crude figure, indicating whether the population has passed or failed the test; on the contrary, it provides useful information on the specific areas where deficiencies are occurring the most and which specific group presents the highest knowledge deficit