Culture and financial education in SEE The OECD-INFE Survey of Financial Literacy of Adults in SEE (OECD, 2020[1]) published in the framework of the project, as well as insights from country-specific dialogue and fact-finding reveal a significant interest in the relationship between culture and financial literacy levels in the region. [...] CULTURE AND FINANCIAL LITERACY IN SOUTH EAST EUROPE © OECD 2023 | 9 2 The role of culture in financial literacy Questions about human motivations, decisions and behaviours, and the role of circumstances lie at the heart of social and behavioural sciences. [...] Davoli and Rodríguez- Immigrants to the Focus on patience, long-term orientation and risk-aversion in the country of ancestry and shows Planas, 2020* US from that they stand behind the association between financial knowledge in the US and the country of 26 countries ancestry. [...] Davoli and Rodríguez- Immigrants to the Focus on financial knowledge showing that the higher the degree of gender convergence in Planas, 2022* US from financial knowledge in the country of ancestry, the higher the financial knowledge of women in the 27 countries US relative to their male counterparts. [...] Source: Laura Bottazzi and Annamaria Lusardi, Stereotypes in Financial Literacy: Evidence from PISA, 2020 Using a large sample of US adults from 27 countries of ancestries, a recent paper finds that the higher the degree of gender convergence in financial knowledge in the country of ancestry, the higher the financial knowledge of women in the US relative to their male counterparts (Davoli and Rodr.
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