Literature database – Estonia
Literature database – Estonia
This database reviews some important and relevant local papers on financial literacy. The papers are written by various stakeholders, and indicate the relevant discussions on financial literacy in Estonian.
Paper refers to 2012 PISA survey results. Sample was 1088 students aged 15–16 years. Students ranked third in international comparison, despite not being provided financial education as it was then not yet part of the national curricula.
Local Language:
Reference:
https://www.hm.ee/sites/default/files/contacts/files/pisa_2012_finantskirjaoskus_toim.pdf
Results of the OECD financial literacy survey from 2010. Estonian sample was 993 adults aged 18-74 years. Financial knowledge score was average, lower scores in behaviour.
Local Language:
Reference:
https://minuraha.ee/public/Finantskirjaoskuse_uuring.pdf
Results of the Household Finance and Consumption Survey by Bank of Estonia in 2013. This is the first comprehensive survey on household assets, liabilities, consumption and financial fragility in Estonia and provides comparative evidence about the financial position of Estonian households compared to the rest of the euro area.
Local Language:
Reference:
https://www.eestipank.ee/en/publication/occasional-papers/2016/jaanika-merikull-tairi-room-assets-liabilities-and-wealth-estonian-households-results-household
Results of the OECD financial literacy survey from 2015. Estonian sample was 1137 adults aged 18–80 years. Estonia ranked in the top three in financial knowledge but had low scores in behavior. Still compared to the previous study from 2010 results had improved.
Local Language:
Reference:
https://www.rahandusministeerium.ee/sites/default/files/finantskirjaoskus_2015_aruanne_final.pdf
In June 2019, a nation-wide study of Estonian financial literacy was conducted, concerning the financial behaviour, attitudes, and knowledge of the Estonian population. Based partly on OECD methodology the survey questionnaire was developed for more appropriate objectives of mapping the knowledge, attitude and behaviour of Estonian residents including new topics regarding economic well-being, changes to the II pillar pension funds, reliability of the financial environment, crypto currencies and the use of the Internet. Estonian sample was 1005 adults aged 18-80 years. Compared to previous similar studies the public’s theoretical financial knowledge has generally remained the same and declined in some areas. Behaviour has improved slightly, but there are still 1/3 of people not applying their financial knowledge to improve their family’seconomic well-being and security.
Local Language:
Reference:
http://eufin.org/docs/finantskirjaoskuse-uuring-2019-min.pdf