Knowledge of Capital Market Products: Initial Insights for Austrian and German Students of Generations Y & Z
Knowledge of Capital Market Products: Initial Insights for Austrian and German Students of Generations Y & Z

Author(s): Dominika P. Galkiewicz, Mario Situm, Lukas Hartleif
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Financial literacy; Literacy; Knowledge; Instruments; Financial markets; Survey
Summary/Abstract: Many international studies focus on financial literacy, but there are still many open questions in the research field that require further exploration. In this study, students of generations Y and Z from Austria and Germany were asked about their experiences and knowledge of capital market products. Male students and students belonging to Generation Y traded in securities significantly more often than their counterparts. Regarding the knowledge of selected capital market products, there is only a significant difference between male and female students for real estate investment funds and ex-change-traded funds (ETFs). Products like shares, bonds, and cryptocurrencies are wellknown to both genders. Thus, only a partial “gender gap” could be detected. Overall, there is a lack of knowledge about several capital market products observable. Appropriate didactically prepared courses within the framework of university curricula and beyond could enhance the financial literacy level of the Austrian and German population.

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