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Determinantes socioeconómicos de la educación financiera en la provincia Cusco, Perú

2023; Volume: 12; Issue: 1 Linguagem: Inglês

10.26867/se.2023.v12i1.148

2523-0840

Ruth Ebely Llalla Cahuana, Diana Rocio Torres Orosco,

Microfinance and Financial Inclusion

The objective of the research was to determine and analyze the socioeconomic factors of financial educationthrough the following indicators: household economy index, index of financial attitudes and behaviors andindex of financial concepts and knowledge. For data collection, a questionnaire was used to measure financialcapabilities based on the methodology used by the Development Bank of Latin America, applied to peoplebetween 18 and 80 years of age in the province of Cusco, and after data analysis, the indexes were calculated.For the econometric analysis, a multiple linear regression model was developed with robust statistics tomeasure the degree of relationship between socioeconomic factors and financial education. The resultsshowed that the level of financial education in the province of Cusco is medium-high, explained by favorableresults in two of three indexes (index of financial attitudes and behaviors and the index of financial conceptsand knowledge); however, there is room for improvement in the household economy index, due to poorfamily budget planning. Finally, it was identified that the factors that have the greatest impact on financial education are educational level and income level.