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Table 3 Financial knowledge test: summary statistics of Rasch modelling for non-extreme persons by country.

From: A comparative analysis of the OECD/INFE financial knowledge assessment using the Rasch model

 

Measure

SE

Infit

Outfit

MNSQ

ZSTD

MNSQ

ZSTD

Austria

 Mean

.91

1.05

1.00

.0

1.01

.1

 St dev

1.29

.14

.53

.9

1.23

.8

 Max

2.43

1.39

2.74

3.1

8.78

3.2

 Min

− 2.34

.89

.32

− 1.8

.17

− 1.5

Brazil

 Mean

.46

1.02

1.00

.0

1.06

.1

 St dev

1.30

.17

.60

1.0

1.28

.8

 Max

2.52

1.35

2.95

3.5

9.52

3.3

 Min

− 2.34

.87

.28

− 1.8

.13

− 1.7

Canada

 Mean

.93

1.04

.99

.0

1.12

.1

 St dev

1.24

.10

.56

1.1

1.54

.9

 Max

2.58

1.37

2.85

2.9

9.90

3.6

 Min

− 2.59

.96

.31

− 1.6

.24

− 1.1

Croatia

 Mean

.93

1.04

.99

.0

1.12

.1

 St dev

1.24

.10

.56

1.1

1.54

.9

 Max

2.58

1.37

2.85

2.9

9.90

3.6

 Min

− 2.59

.96

.31

− 1.6

.24

− 1.1

Finland

 Mean

1.18

1.06

1.00

.0

.96

.2

 St dev

1.31

.11

.47

.9

1.21

.7

 Max

2.61

1.33

2.78

2.8

9.90

6.1

 Min

− 2.72

.94

.33

− 1.5

.15

− .7

Hong Kong

 Mean

1.69

1.16

.99

.0

1.00

.1

 St dev

1.30

.13

.67

1.0

1.71

.8

 Max

2.80

1.30

3.24

3.1

9.90

4.5

 Min

− 2.73

.99

.29

− 1.6

.16

− .7

Hungary

 Mean

.88

1.12

.99

− .1

1.02

.1

 St dev

1.50

.17

.78

1.1

1.60

.9

 Max

2.90

1.41

3.66

3.4

9.90

4.7

 Min

− 2.71

.96

.27

− 1.6

.12

− .6

Jordan

 Mean

.54

1.10

1.00

.0

1.07

.1

 St dev

1.32

.16

.63

1.0

1.30

.9

 Max

2.62

1.50

3.15

2.5

9.90

3.4

 Min

− 2.41

.88

.22

− 1.5

.11

− 1.2

Russia

 Mean

.74

1.10

.98

.0

.99

.2

 St dev

1.27

.16

.59

1.0

1.18

.7

 Max

2.53

1.99

3.29

3.1

9.90

5.1

 Min

− 2.54

.90

.15

− 1.2

.11

− 1.2

South Africa

 Mean

.23

1.03

1.00

.0

1.06

.1

 St dev

1.28

.10

.60

1.1

1.44

.9

 Max

2.69

1.41

3.96

3.7

9.90

4.5

 Min

− 2.62

.96

.31

− 1.4

.16

− 1.2

United Kingdom

 Mean

.58

1.00

1.00

.0

1.03

.1

 St dev

1.35

.12

.40

.9

1.03

.9

 Max

2.27

1.46

2.60

2.7

6.96

2.5

 Min

− 2.29

.89

.35

− 1.6

.27

− 1.4

  1. Obs. confirmation of the mean square standarised fit statistic is showed in italics