The DOI matches its OpenAlex record; 27 of the 27 references it cites were found in a registry or an index.
Motivation and financial literacy
Open accessAbstract
This paper examines the hypothesis that low financial literacy scores among young adults, even after they have taken a course in personal finance, is related to a lack of motivation to learn or retain these skills. The research is based upon the latest national Jump$tart survey of high school seniors and uses financial literacy scores after controlling for socioeconomic, demographic, and aspirational characteristics that have historically predicted these scores. We analyze the relation of financial literacy scores to responses to three questions designed to measure motivation to be financially literate. We found that the motivational variables significantly increased our ability to explain differences in financial literacy.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
(1964) · Medical Entomology and Zoology · Cited by 10,439
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Tosi, H. L. (1991) · Academy of Management Review · doi:10.5465/amr.1991.4278976 · Cited by 4,145
Purposive Behavior in Animals and Men
Rodhom, C., & Tolman, E. C. (1950) · The American Journal of Psychology · doi:10.2307/1418946 · Cited by 2,455
Toward a theory of task motivation and incentives
Locke, E. A. (1968) · Organizational Behavior and Human Performance · doi:10.1016/0030-5073(68)90004-4 · Cited by 2,409
An Analysis of Personal Financial Literacy Among College Students
Chen, H., & Volpe, R. P. (1998) · Financial Services Review · doi:10.1016/s1057-0810(99)80006-7 · Cited by 1,797
(2003) · Federal Reserve Bulletin · Cited by 1,764
Work Motivation in Organizational Behavior
Pinder, C. C. (2014) · Psychology Press eBooks · doi:10.4324/9781315734606 · Cited by 1,195
The conceptual representation and the measurement of psychological forces.
Lewin, K. (1938) · Duke University Press eBooks · doi:10.1037/13613-000 · Cited by 982
Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates
Bernheim, B. D., Garrett, D., & Maki, D. (1997) · National Bureau of Economic Research · doi:10.3386/w6085 · Cited by 793
Cited by
Xu, L., & Zia, B. (2012) · World Bank, Washington, DC eBooks · doi:10.1596/1813-9450-6107 · Cited by 428
Tang, N., & Peter, P. (2015) · Financial Services Review · doi:10.61190/fsr.v24i2.3237 · Cited by 46
Metadata
- Authors
- Mandell, L., & Klein, L. S.
- Venue
- Financial Services Review
- Publisher
- Elsevier BV
- Published
- 2007-06-30
- Volume
- 16
- Issue
- 2
- Pages
- 105-116
- ISSN
- 1057-0810 (ISSN-L)
- OpenAlex
- W2119491618
- Cited by
- 264
- References
- 27
- FWCI
- 21.12
- Type
- journal article
- Language
- en
- Open access
- diamond
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Motivation and financial literacy. https://app.cochat.ai/papers/10.61190/fsr.v16i2.4882
- The paper
- Mandell, L., & Klein, L. S. (2007). Motivation and financial literacy. Financial Services Review. https://doi.org/10.61190/fsr.v16i2.4882
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
