Arbeitspapier
Measuring Economic Competence of Youth with a Short Scale
We present a 12-item scale measuring the cognitive component of economic competence and document the psychometric properties of the scale. Using a data set with more than 12,000 secondary school students in Germany, the scale shows high discriminatory power and covers a wide range of ability levels. Analyses of `Differential Item Functioning´ show no item bias across key demographic characteristics, and scores show meaningful associations with scores obtained from adjacent test instruments. Student-level correlates mirror estimates documented in earlier literature on economic and financial literacy as well as results relying on a more extensive scale with over 30 items. The presented short scale enables researchers and practitioners to efficiently measure economic competence of youth.
- Language
-
Englisch
- Classification
-
Wirtschaft
Economic Education and Teaching of Economics: Pre-college
Analysis of Education
- Subject
-
economic competence
economic literacy
IRT
measurement
- Event
-
Geistige Schöpfung
- (who)
-
Oberrauch, Luis
Kaiser, Tim
Seeber, Günther
- Event
-
Veröffentlichung
- (who)
-
ZBW - Leibniz Information Centre for Economics
- (where)
-
Kiel, Hamburg
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Oberrauch, Luis
- Kaiser, Tim
- Seeber, Günther
- ZBW - Leibniz Information Centre for Economics
Time of origin
- 2022
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