Article

DEMOGRAPHIC AND SOCIO-ECONOMIC DETERMINANTS OF MULTIDIMENSIONAL FINANCIAL LITERACY AMONG YOUNG ALGERIAN UNIVERSITY STUDENTS🔗

DETERMINANTES DEMOGRÁFICOS Y SOCIOECONÓMICOS DE LA ALFABETIZACIÓN FINANCIERA MULTIDIMENSIONAL ENTRE JÓVENES ESTUDIANTES UNIVERSITARIOS DE ARGELIA🔗

English Full Article Citation
 

Author(s)🔗

Nour El Houda Yahiaoui , Universidad Djillali Liabes , Argelia

https://doi.org/10.35564/jmbe.2023.0010

Abstract🔗

Financial literacy is crucial for young university students to make sound financial decisions and improve their future well-being. This study examines demographic and socio-economic determinants of multidimensional financial literacy among young Algerian university students. The study employed a cross-sectional survey research design. It broadly adheres to the OECD definition of financial by segregating it into its main dimensions: financial knowledge, behavior, and attitude. Data was gathered from a sample of 368 university students and analyzed using multiple regression analysis. The study found a significant relationship between financial literacy, gender, the field of study, and bank account ownership. Female students are 3.64 times less financially literate than male students. Students majoring in scientific (hard) disciplines are 4.65 times more financially literate than non-scientific (soft) disciplines. Students with no bank account are 4.67 times less financially literate than those who own one. The study found a non-significant relationship between financial literacy and the variables: students’ level of education, the field of specialty, work experience, family income, father’s education level and mother’s education level. What is noticed is that the financial literacy level of economics and major in business students does not differ from those students of other majors.

Keywords
financial literacy, university young students, financial knowledge, financial behavior, financial attitude, demographic and socio-economic factors

Resumen🔗

La educación financiera es clave para que los jóvenes universitarios tomen decisiones financieras acertadas y mejoren su bienestar futuro. Este estudio tuvo como objetivo examinar los determinantes demográficos y socioeconómicos de la alfabetización financiera multidimensional entre jóvenes estudiantes universitarios argelinos. El estudio empleó un diseño de investigación de encuesta transversal. Se adhiere ampliamente a la definición financiera de la OCDE al segregarla en sus dimensiones principales: conocimiento financiero, comportamiento y actitud. Los datos se recopilaron de una muestra de 368 estudiantes universitarios y se analizaron mediante análisis de regresión múltiple. El estudio encontró una relación significativa entre la educación financiera, el género, el campo de estudio y la propiedad de una cuenta bancaria. Las estudiantes mujeres tienen 3,64 veces menos educación financiera que los estudiantes varones. Los estudiantes de disciplinas científicas (duras) tienen 4,65 veces más conocimientos financieros que los estudiantes de disciplinas no científicas (blandas) y los estudiantes que no tienen cuenta bancaria tienen 4,67 veces menos conocimientos financieros que los que tienen una cuenta bancaria. El estudio encontró una relación no significativa entre la educación financiera y las variables: nivel de educación de los estudiantes, campo de especialidad, experiencia laboral, ingreso familiar, nivel de educación del padre y nivel de educación de la madre. Lo que se nota es que el nivel de alfabetización financiera de los estudiantes de la carrera de economía y negocios no difiere del de otros estudiantes de otras carreras.

Palabras clave
Educación financiera, jóvenes universitarios argelinos, conocimiento financiero, comportamiento financiero, actitud financiera, factores demográficos y socioeconómicos.

Received
11 February 2023

Accepted
12 April 2023

Copyright
This is an open access article under the CC BY-NC license.

Citation🔗

Yahiaoui, N.E.H. (2023). Demographic and socio-economic determinants of multidimensional financial literacy among young Algerian university students. Journal of Management and Business Education, 6(2), 199-221. https://doi.org/10.35564/jmbe.2023.0010

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