Title: Financial capability and financial information's effect on the financial literacy index among Indonesian workers

Authors: Sylviana Maya Damayanti; Karina Aditya; Raden Aswin Rahadi

Addresses: School of Business and Management, Institut Teknologi Bandung, Bandung, Indonesia ' School of Business and Management, Institut Teknologi Bandung, Bandung, Indonesia ' School of Business and Management, Institut Teknologi Bandung, Bandung, Indonesia

Abstract: In a 2016 survey by the Financial Services Authority (FSA) of Indonesia, West Java Province had the second-highest financial literacy in Indonesia; however, in 2019, its ranking fell to 16th. This study explores the influence of financial capability on an index of financial literacy. Results of statistical analysis using multiple linear regressions show that respondents need to improve financial literacy to raise their capacity for planning and budgeting, access information and benefit from expert advice.

Keywords: financial literacy; financial capability; financial information; West Java; Indonesia.

DOI: 10.1504/IJEPEE.2023.136314

International Journal of Economic Policy in Emerging Economies, 2023 Vol.18 No.3/4, pp.356 - 362

Received: 30 Oct 2020
Accepted: 05 May 2021
Published online: 30 Jan 2024 *

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