1,761
Views
27
CrossRef citations to date
0
Altmetric
FEATURES AND INFORMATION

The Test of Financial Literacy: Development and measurement characteristics

&

References

  • Ames, A. J., and R. D. Penfield. 2015. An NCME instructional module on item fit statistics for item response theory models. Educational Measurement: Issues and Practice 34 (3): 39–48.
  • Council for Economic Education (CEE). 2013. National standards in financial literacy. New York: CEE.
  • ———. 2016. Survey of the sates: Economic and personal finance education in our nation's schools. New York: CEE.
  • Cronbach, L. J. 1951. Coefficient alpha and the internal structure of tests. Psychometrica 16: 297–334.
  • Danes, S. M., M. C. Rodriguez, and K. E. Brewton. 2013. Learning context when studying financial planning in high schools: Nesting of student, teacher, and classroom characteristics. Journal of Financial Counseling and Planning 24 (2): 20–36.
  • De Ayala, R. J. 2009. The theory and practice of item response theory. New York: Guilford Press.
  • Hambleton, R. K., and H. Swaminathan. 1985. Item response theory: Principles and applications. Boston: Kluwer-Nijhoff.
  • Hastings, J. S., B. C. Madrian, and W. L. Skimmyhorn. 2013. Financial literacy, financial education, and economic outcomes. Annual Review of Economics 5: 347–73.
  • Lusardi, A., and O. S. Mitchell. 2014. The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature 52 (1): 5–44.
  • Magis, D. 2013. A note on the item information function of the four-parameter logistic model. Applied Psychological Measurement 37 (4): 304–15.
  • Meyer, J. P. 2014. Applied measurement with jMetrik. New York: Routledge.
  • ———. 2016. jMetrik (version 4.0.5: December 20). http://www.itemanalysis.com/.
  • Orlando, M., and D. Thissen. 2003. Further investigation of the performance of S−X2: An item fit index for use with dichotomous item response theory models. Applied Psychological Measurement 27 (4): 289–98.
  • Walstad, W. B., and K. Rebeck. 2005. Financial fitness for life: High school test examiner's manual (grades 9–12). New York: Council for Economic Education.
  • Walstad, W. B., K. Rebeck, and R. B. Butters. 2013. The “Test of economic literacy”: Development and results. Journal of Economic Education 44 (3): 298–309.
  • Walstad, W. B., K. Rebeck, and R. MacDonald. 2010. The effect of financial education on the financial knowledge of high school students. Journal of Consumer Affairs 44 (2): 317–35.
  • Walstad, W. B., and D. Robson. 1997. Differential item functioning and male-female differences in multiple choice tests in economics. Journal of Economic Education 28 (2): 155–71.
  • Walstad, W., C. Urban, C. J. Asarta, E. Breitbach, W. Bosshardt, J. Heath, B. O'Neill, J. Wagner, and J. J. Xiao. 2017. Perspectives on evaluation in financial education: Landscape, issues, and studies. Journal of Economic Education 48 (2): 93–112.

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.