AN ASSESSMENT OF FINANCIAL KNOWLEDGE IN HIGHER EDUCATION
AN ASSESSMENT OF FINANCIAL KNOWLEDGE IN HIGHER EDUCATION

Summary/Abstract: This paper analyses the educational self-assessment of native (Hungarian)and non-native (international) undergraduate business economics students, focusing primarily on the concept of financial literacy as students predict and evaluate their own performance in written examinations relative to their externally assessed achievement.In our estimations we also examine and compare the gender and linguistic gaps in both the self-estimation assessment results. Although there is no clear gender gap when dealing with overestimation, we found substantial differences when comparing language background of the students. Consequently, our results might allow policymakers to establish that it is important to improve financial literacy, as well asproviding evidence about which groups of people are in need of support to reduce disparities, not only in higher education but in other social contexts as well.

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