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Berti AE, Ajello AM, Aprea C, et al. Adolescents' and Young Adults' Naïve Understandings of the Economic Crisis. Eur J Psychol. 2017;13(1):143-161doi: 10.5964/ejop.v13i1.1187.
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
Berti, Anna Emilia, et al. "Adolescents' and Young Adults' Naïve Understandings of the Economic Crisis." Europe's journal of psychology vol. 13,1 (2017): 143-161. doi: https://doi.org/10.5964/ejop.v13i1.1187
Berti AE, Ajello AM, Aprea C, Castelli I, Lombardi E, Marchetti A, Massaro D, Sappa V, Valle A. Adolescents' and Young Adults' Naïve Understandings of the Economic Crisis. Eur J Psychol. 2017 Mar 03;13(1):143-161. doi: 10.5964/ejop.v13i1.1187. eCollection 2017 Mar. PMID: 28344680; PMCID: PMC5342316.
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Eur J Psychol. 2017 Mar 03;13(1):143-161. doi: 10.5964/ejop.v13i1.1187. eCollection 2017 Mar.

Adolescents' and Young Adults' Naïve Understandings of the Economic Crisis.

Europe's journal of psychology

Anna Emilia Berti, Anna Maria Ajello, Carmela Aprea, Ilaria Castelli, Elisabetta Lombardi, Antonella Marchetti, Davide Massaro, Viviana Sappa, Annalisa Valle

Affiliations

  1. Department of Philosophy, Sociology, Pedagogy, and Applied Psychology, Università di Padova , Padova , Italy.
  2. Department of Social and Developmental Psychology, Sapienza Università di Roma , Rome , Italy.
  3. Friedrich-Schiller-University Jena , Jena , Germany.
  4. Department of Humanities and Social Sciences, Università degli Studi di Bergamo , Bergamo , Italy.
  5. Research Unit on Theory of Mind, Department of Psychology, Università Cattolica del Sacro Cuore , Milan , Italy.
  6. Swiss Federal Institute for Vocational Education and Training (SFIVET) , Lugano , Switzerland.

PMID: 28344680 PMCID: PMC5342316 DOI: 10.5964/ejop.v13i1.1187

Abstract

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.

Keywords: Financial Education; Financial Literacy; economic crisis; lay explanations; secondary school; student's conceptions; university students

Conflict of interest statement

The authors have declared that no competing interests exist.

References

  1. Cogn Sci. 2012 Jan-Feb;36(1):1-61 - PubMed
  2. J Econ Lit. 2014 Mar;52(1):5-44 - PubMed

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