Using the U.S. "Test of Financial Literacy" in Germany--Adaptation and Validation

Autor/inn/en	Förster, Manuel; Happ, Roland; Molerov, Dimitar
Titel	Using the U.S. "Test of Financial Literacy" in Germany--Adaptation and Validation
Quelle	In: Journal of Economic Education, 48 (2017) 2, S.123-135 (13 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2017.1285737
Schlagwörter	Money Management; Tests; Scores; Test Content; Foreign Countries; German; Test Validity; Translation; Cultural Differences; Test Use; College Freshmen; Pretests Posttests; Statistical Analysis; Germany + Suchen Sie Ihr Suchwort? Examination; Prüfung; Examen; Testaufgabe; Ausland; Deutscher; Testvalidität; Kultureller Unterschied; Testanwendung; Studienanfänger; Statistische Analyse; Deutschland
Abstract	In this article, the authors present the adaptation and validation processes conducted to render the American "Test of Financial Literacy" (TFL) suitable for use in Germany (TFL-G). First, they outline the translation procedure followed and the various cultural adjustments made in line with international standards. Next, they present results from the validation of the TFL-G's content and relations between test scores and external variables, including test takers' prior economic education and interest in economic topics. Preliminary analyses of data gathered from expert interviews and cognitive labs, and the results of the first administration to first-year higher education students (N = 1,108) indicate that the TFL-G is a valid instrument to assess young adults' understanding of personal finance in Germany. Perspectives for future research are discussed. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01