716
Views
21
CrossRef citations to date
0
Altmetric
FEATURES AND INFORMATION

Using the U.S. Test of Financial Literacy in Germany—Adaptation and validation

, &

References

  • American Educational Research Association (AERA), American Psychological Association (APA), and National Council on Measurement in Education (NCME). 2014. Standards for educational and psychological testing. Washington, DC: American Educational Research Association.
  • Aprea, C., and E. Wuttke. 2016. Financial literacy of adolescents and young adults: Setting the course for a competence-oriented assessment instrument. In International handbook of financial literacy, ed. C. Aprea, E. Wuttke, K. Breuer, N. Keng Koh, P. Davies, B. Greimel-Fuhrmann, and J. Lopus, 397–414. Singapore: Springer Science-Business Media.
  • Arffman, I. 2013. Problems and issues in translating international educational achievement tests. Educational Measurement: Issues and Practice 32 (2): 2–14.
  • Atkinson, A., and F. Messy. 2012. Measuring financial literacy: Results of the OECD/International Network on Financial Education (INFE) pilot study. OECD Working Papers on Finance, Insurance and Private Pensions, No. 15. Paris: OECD Publishing. doi:10.1787/5k9csfs90fr4-en.
  • Brown, T. A. 2006. Confirmatory factor analysis for applied research (Methodology in the social sciences). New York: Guilford Press.
  • Brückner, S., and J. Pellegrino. 2016. Analyzing mental operations of higher education students using a sociocognitive approach. Journal of Educational Measurement 53 (3): 293–312.
  • Cameron, M., R. Calderwood, A. Cox, S. Lim, and M. Yamaoka. 2014. Factors associated with financial literacy among high school students in New Zealand. International Review of Economics Education 16 (Part A): 12–21.
  • Council for Economic Education (CEE). 2013. National standards for financial literacy. New York: CEE.
  • Erner, C., M. Goedde-Menke, and M. Oberste. 2016. Financial literacy of high school students: Evidence from Germany. Journal of Economic Education 47 (2): 95–105.
  • Förster, M., O. Zlatkin-Troitschanskaia, S. Brückner, R. Happ, R. K. Hambleton, W. B. Walstad, T. Asano, and M. Yamaoka. 2015. Validating test score interpretations by cross-national comparison: Comparing the results of students from Japan and Germany on an American test of economic knowledge in higher education. Zeitschrift für Psychologie 223 (1): 14–23.
  • Förster, M., O. Zlatkin-Troitschanskaia, and R. Happ. 2015. Adapting and validating the “Test of economic literacy” to assess the prior economic knowledge of first-year students in business and economic studies in Germany. Discussion Paper. Annual Meeting of the American Economic Association, January 3–5. Boston: AEA.
  • Frary, R. B., L. H. Cross, and S. R. Lowry. 1977. Random guessing, correction for guessing, and reliability of multiple-choice test scores. Journal of Experimental Education 46 (1): 11–15.
  • Frühauf, F., and T. Retzmann. 2016. Financial literacy in Germany. In International handbook of financial literacy, ed. C. Aprea, E. Wuttke, K. Breuer, N. K. Koh, P. Davies, B. Greimel-Fuhrmann, and J. S. Lopus, 263–76. Singapore: Springer Science-Business Media.
  • Hambleton, R. K. 2001. The next generation of the ITC test translation and adaption guidelines. European Journal of Psychological Assessment 17 (3): 164–72.
  • Hamdan, M. A. 1979. On the correction for guessing on a multiple-choice examination. Journal of Experimental Education 48 (1): 29–31.
  • Happ, R., F. Förster, O. Zlatkin-Troitschanskaia, and V. Carstensen. 2016. Assessing the previous economic knowledge of beginning students in Germany---implications for teaching economics in basic courses. Citizenship, Social and Economics Education 15 (1): 45–57. doi:10.1177/2047173416646597.
  • Harkness, J. 2003. Questionnaire translation. In Cross-cultural survey methods, ed. J. Harkness, F. van de Vijver, and P. Mohler, 35–56. Hoboken, NJ: Wiley.
  • Hess, A. K., and D. Neville. 1977. Testwiseness: Some evidence for the effect of personality testing on subsequent test results. Journal of Personality Assessment 41 (2): 170–77.
  • IBM Corp. 2013. IBM SPSS Statistics for Windows, Version 22.0. Armonk, NY: IBM Corp.
  • Klapper, L., A. Lusardi, and P. van Oudheusden. 2015. Financial literacy around the world: Insights from the Standard & Poor's ratings services global financial literacy survey. New York: S&P Global. http://media.mhfi.com/documents/2015-Finlit_paper_17_F3_SINGLES.pdf (accessed December 2, 2016).
  • Lalonde, K., and A. Schmidt. 2009. Credit cards and student interest: A financial literacy survey of college students. Higher Education Journal 10 (1): 1–14.
  • Leighton, J. P., C. Heffernan, M. K. Cor, R. J. Gokiert, and Y. Cui. 2011. An experimental test of student verbal reports and teacher evaluations as a source of validity evidence for test development. Applied Measurement in Education 24 (4): 324–48.
  • Marchetti, A., I. Castelli, D. Massaro, and A. Valle. 2016. Combining development and education: Why do decision-making and social norms matter for financial education? In International handbook of financial literacy, ed. C. Aprea, E. Wuttke, K. Breuer, N. K. Koh, P. Davies, B. Greimel-Fuhrmann, and J. S. Lopus, 69–81. Singapore: Springer Science-Business Media.
  • Mason, C. L., and R. M. S. Wilson. 2000. Conceptualising financial literacy. Loughborough: Business School, Loughborough University.
  • Mohler, P., B. Dorer, J. de Jong, and M. Hu. 2016. Translation: Overview. Guidelines for best practice in cross-cultural surveys. Ann Arbor, MI: Survey Research Center, Institute for Social Research, University of Michigan.
  • Muthén, L. K., and B. O. Muthén. 1998–2015. Mplus user's guide. 7th ed. Los Angeles, CA: Muthén & Muthén.
  • Organisation for Economic Co-operation and Development (OECD). 2014. PISA 2012 results: Students and money. Financial literacy skills for the 21st century. (Vol. VI). PISA: OECD Publishing.
  • Solga, H., P. Protsch, C. Ebner, and C. Brzinsky-Fay. 2014. The German vocational education and training system: Its institutional configuration, strengths, and challenges. WZB Discussion Paper SP I 2014–502. Berlin: WZB.
  • Walstad, W. B., and K. Rebeck. 2016. Test of financial literacy: Examiner's manual. New York: Council for Economic Education.
  • Walstad, W. B., and K. Rebeck. 2017. The Test of financial literacy: development and measurement characteristics. Journal of Economic Education 48 (2): 113–122.
  • Walstad, W. B., and D. Robson. 1997. Differential item functioning and male-female differences on multiple-choice tests in economics. Journal of Economic Education 28 (2): 155–71.
  • Weinert, F. E. 2001. Concept of competence: A conceptual clarification. In Defining and selecting key competencies, ed. D. S. Rychen and L. H. Salganik, 45–65. Seattle: Hogrefe & Huber.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.