Financial Literacy

Single Wave Study

General Information

Financial Literacy
Project Number
This study consists of five questions concerning people’s financial literacy.
Longitudinal Type
Single Wave Study
Begin date
End date


Van Overveld, Mark
© 2012 CentERdata
Funding Organization
CentERdata/MESS Project

Datasets and documentation

View Documentation

Codebook in Dutch
Codebook in English

Data Files

English SPSS file
English STATA file


Variable name Variable Label Variable Type
nomem_encrNumber of the respondent encryptedpreloaded
ew11a_mYear and month of the field work periodconstructed
ew11a001How would you score your understanding of financial matters (on a scale of 1 to 7, where 1 means ‘very poor’ and 7 means ‘very good’)?directly measured
ew11a002How much do you think you will have on the savings account after five years, assuming that you leave all your money on this savings account: more than 102 euros, exactly 102 euros, less than 102 euros?directly measured
ew11a003Suppose that the interest on your savings account is 1% per year and that inflation amounts to 2% per year. After 1 year, would you be able to buy more, exactly the same, or less than you could today with the money on that account?directly measured
ew11a004A share in a company usually offers a more certain return than an investment fund that only invests in shares.directly measured
ew11a005If the interest rate goes up, what should happen to bond prices?directly measured
ew11a006Was it difficult to answer the questions?directly measured
ew11a007Were the questions sufficiently clear?directly measured
ew11a008Did the questionnaire get you thinking about things?directly measured
ew11a009Was it an interesting subject?directly measured
ew11a010Did you enjoy answering the questions?directly measured


Questionnaire: Financial Literacy

The questionnaire was originally conducted in Dutch

Browse Financial Literacy

Response Information

Response Overview
Selected number of household members: 6,778 (100%)
Non-response: 1,918 (28.3%)
Response: 4,860 (71.7%)
Complete: 4,858 (71.7%)
Incomplete: 2 (0.0%)
Collection Events
01-08-2011 to 30-08-2011
panel members aged 16 years or older
Collection Mode
internet survey
Fieldwork Note
A reminder was sent twice to non-respondents.

The full questionnaire consisted of two parts; the first part was about the interpersonal effects of weeping (study fh11b), and the second part presented the financial questions.


Determinanten der Teilnahme von Privatinvestoren am Aktienmarkt Institut für Banken und Finanzierung, Leibniz Universität Hannover; Cambier, Myriam
Does self-esteem influence financial behavior? University of Groningen, Faculty of Economics and Business; Heuzeveldt, T.F.A.
The Influence of Financial Knowledge and Self-perception on the Propensity to save for Retirement University of Groningen, Faculty of Economics and Business; Moreno, A.G.
Financial literacy and wealth accumulation Leiden University; de Koning, R.
Does the financial sector cause stock market participation? Erasmus University Rotterdam; Ramnér, L. A. T.
Determinants of stock market participation Leibniz University Hannover ; Schindler, D.