000086199 001__ 86199 000086199 005__ 20231221135830.0 000086199 0247_ $$2doi$$a10.1111/ijcs.12502 000086199 0248_ $$2sideral$$a109134 000086199 037__ $$aART-2019-109134 000086199 041__ $$aeng 000086199 100__ $$0(orcid)0000-0002-9111-0461$$aMancebón, María-Jesús$$uUniversidad de Zaragoza 000086199 245__ $$aFactors that influence the financial literacy of young Spanish consumers 000086199 260__ $$c2019 000086199 5060_ $$aAccess copy available to the general public$$fUnrestricted 000086199 5203_ $$aThis study examines the development of mathematical and financial literacy skills amongst 471 students in Spain. Most studies on this topic have looked at either one or the other skill but they have not examined the relationship between the two. The use of simultaneous equations has enabled us to do so. The aim of the paper is to disentangle the factors determining the financial skills of young consumers in Spain. To do this, the PISA Financial Literacy Assessment conducted by the OECD in 2012 is used. Our paper’s main contribution lies in the methodological way to deal with the empirical challenges overshadowing our study. Particularly, our methodological strategy is defined by the application of a multi-level model of simultaneous equations (MSiEM). This method allows us to take into account the simultaneous determination of math and financial skills at school and the nested structure of the database. This MSiEM permits the identification of the determinants of financial skills, differentiating between the influences operating at school level from those at student level. A first conclusion is that the development of financial abilities of young consumers is mediated by their mathematical skills. A second conclusion, in accordance with those of other international studies, is the importance of the family on the financial literacy of 15-year-old Spanish students. The family, a first-order determinant in reading, science and math scores, is also a key variable in the development of financial skills. Finally, school type (public vs. private) does not display any effect on either the financial or math performance of Spanish young people. 000086199 536__ $$9info:eu-repo/grantAgreement/ES/MINECO/EDU2013-42480-R 000086199 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/ 000086199 590__ $$a1.538$$b2019 000086199 591__ $$aBUSINESS$$b121 / 152 = 0.796$$c2019$$dQ4$$eT3 000086199 592__ $$a0.678$$b2019 000086199 593__ $$aApplied Psychology$$c2019$$dQ2 000086199 593__ $$aPublic Health, Environmental and Occupational Health$$c2019$$dQ2 000086199 593__ $$aMarketing$$c2019$$dQ2 000086199 593__ $$aEconomics and Econometrics$$c2019$$dQ2 000086199 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000086199 700__ $$0(orcid)0000-0003-3337-217X$$aXiménez-de-Embún, Domingo P.$$uUniversidad de Zaragoza 000086199 700__ $$aMediavilla, Mauro 000086199 700__ $$0(orcid)0000-0003-3898-8889$$aGómez-Sancho, José-María$$uUniversidad de Zaragoza 000086199 7102_ $$14008$$2225$$aUniversidad de Zaragoza$$bDpto. Estruc.Hª Econ.y Eco.Pb.$$cÁrea Economía Aplicada 000086199 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000086199 773__ $$g43, 2 (2019), 227-235$$pInt. j. consum. stud.$$tINTERNATIONAL JOURNAL OF CONSUMER STUDIES$$x1470-6423 000086199 8564_ $$s422524$$uhttps://zaguan.unizar.es/record/86199/files/texto_completo.pdf$$yPostprint 000086199 8564_ $$s78039$$uhttps://zaguan.unizar.es/record/86199/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000086199 909CO $$ooai:zaguan.unizar.es:86199$$particulos$$pdriver 000086199 951__ $$a2023-12-21-13:42:02 000086199 980__ $$aARTICLE