Adolescents’ and young adults' naïve understandings of the economic crisis
Author(s) / Creator(s)
Berti, Anna Emilia
Ajello, Anna Maria
Aprea, Carmela
Castelli, Ilaria
Lombardi, Elisabetta
Marchetti, Antonella
Massaro, Davide
Sappa, Viviana
Valle, Annalisa
Abstract / Description
Over the last decade, Financial Literacy (FL) and interventions aimed at improving it, that is Financial Education (FE), have been the focus of increased attention from economists, governments, and international organizations such as the world Bank and OECD, but much less by scholars in the fields of Learning and Instruction. We examined open-ended written answers on the causes of the economic crisis that started in 2007-2008, as given by 381 Italian secondary school and university students, and 268 Swiss Italian-speaking secondary school students. Most Italian students mentioned internal political causes (i.e., corrupt politicians or inefficiency of the government), whereas Swiss students mentioned banks more often. International factors were rarely mentioned by either group, and explanations were generally very poor, listing a few causes without making connections between them. These findings indicate the need for economics education aimed at making people more knowledgeable of the workings of the economic system and the effects of financial systems on the real economy.
Keyword(s)
Financial Literacy lay explanations student's conceptions economic crisis secondary school university students Financial EducationPersistent Identifier
Date of first publication
2017-03-03
Journal title
Europe's Journal of Psychology
Volume
13
Issue
1
Page numbers
143–161
Publisher
PsychOpen GOLD
Publication status
publishedVersion
Review status
peerReviewed
Is version of
Citation
Berti, A. E., Ajello, A. M., Aprea, C., Castelli, I., Lombardi, E., Marchetti, A., Massaro, D., Sappa, V., & Valle, A. (2017). Adolescents’ and young adults' naïve understandings of the economic crisis. Europe's Journal of Psychology, 13(1), 143–161. https://doi.org/10.5964/ejop.v13i1.1187
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Author(s) / Creator(s)Berti, Anna Emilia
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Author(s) / Creator(s)Ajello, Anna Maria
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Author(s) / Creator(s)Aprea, Carmela
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Author(s) / Creator(s)Castelli, Ilaria
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Author(s) / Creator(s)Lombardi, Elisabetta
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Author(s) / Creator(s)Marchetti, Antonella
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Author(s) / Creator(s)Massaro, Davide
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Author(s) / Creator(s)Sappa, Viviana
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Author(s) / Creator(s)Valle, Annalisa
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PsychArchives acquisition timestamp2018-11-21T09:59:53Z
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Made available on2018-11-21T09:59:53Z
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Date of first publication2017-03-03
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Abstract / DescriptionOver the last decade, Financial Literacy (FL) and interventions aimed at improving it, that is Financial Education (FE), have been the focus of increased attention from economists, governments, and international organizations such as the world Bank and OECD, but much less by scholars in the fields of Learning and Instruction. We examined open-ended written answers on the causes of the economic crisis that started in 2007-2008, as given by 381 Italian secondary school and university students, and 268 Swiss Italian-speaking secondary school students. Most Italian students mentioned internal political causes (i.e., corrupt politicians or inefficiency of the government), whereas Swiss students mentioned banks more often. International factors were rarely mentioned by either group, and explanations were generally very poor, listing a few causes without making connections between them. These findings indicate the need for economics education aimed at making people more knowledgeable of the workings of the economic system and the effects of financial systems on the real economy.en_US
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Publication statuspublishedVersion
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Review statuspeerReviewed
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CitationBerti, A. E., Ajello, A. M., Aprea, C., Castelli, I., Lombardi, E., Marchetti, A., Massaro, D., Sappa, V., & Valle, A. (2017). Adolescents’ and young adults' naïve understandings of the economic crisis. Europe's Journal of Psychology, 13(1), 143–161. https://doi.org/10.5964/ejop.v13i1.1187
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ISSN1841-0413
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Persistent Identifierhttps://hdl.handle.net/20.500.12034/1035
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Persistent Identifierhttps://doi.org/10.23668/psycharchives.1227
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Language of contenteng
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PublisherPsychOpen GOLD
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Is version ofhttps://doi.org/10.5964/ejop.v13i1.1187
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Keyword(s)Financial Literacyen_US
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Keyword(s)lay explanationsen_US
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Keyword(s)student's conceptionsen_US
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Keyword(s)economic crisisen_US
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Keyword(s)secondary schoolen_US
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Keyword(s)university studentsen_US
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Keyword(s)Financial Educationen_US
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Dewey Decimal Classification number(s)150
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TitleAdolescents’ and young adults' naïve understandings of the economic crisisen_US
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DRO typearticle
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Issue1
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Journal titleEurope's Journal of Psychology
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Page numbers143–161
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Volume13
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Visible tag(s)Version of Record