Financial Competence and the Role of Non-cognitive Factors

The chapter "Financial Competence and the Role of Non-cognitive Factors" gives interesting insights on how cognitive and noncognitive components of financial education relate to each other. The paper surveys a sample of university students finding out a relatively high level of financial knowledge and a quite positive attitude toward finance and that correlation exists between attitudes toward finance and financial knowledge. This result has important implications for policymakers: The attitude toward finance should be targeted to enhance financial knowledge among the young.