DIF and ‘Don’t Know’ responses in the NFCS’s Financial Literacy questions

• In Event: GSIC Poster Session II

Abstract

Financial Literacy is an essential life skill in today’s very complex world. This paper studies the impact of Don’t Know responses on DIF and overall scoring of financial literacy questions on the 2021 NFCS survey. Preliminary conclusions suggests that DIF and responses are affected by these types of responses.

Authors

• Horacio A Rocha

• Jay Verkuilen, CITY UNIVERSITY OF NEW YORK GR