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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