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Centre for Policy on Ageing | |
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Measuring awareness of financial skills
— reliability and validity of a new measure | | Author(s) | K Cramer, H A Tuokko, C A Mateer |
| Journal title | Aging & Mental Health, vol 8, no 2, March 2004 |
| Pages | pp 161-171 |
| Source | http://www.tandfonline.com |
| Keywords | Dementia ; Financial services [older people] ; Investment finance ; Cognitive processes ; Evaluation ; Canada. |
| Annotation | The psychometric properties are examined of a three-part (participation, informant and performance) Measure for assessing Awareness of Financial Skills (MAFS). The MAFS was administered to 10 Canadian seniors with dementia and 25 well-functioning seniors and their informants. Measures of cognitive functioning, social desirability, neuroticism and perceived control were administered to each participant to allow for assessment of validity. Internal consistency estimates for the participant and informant questionnaires were found to be 0.92 and 0.97 respectively. Convergent validity analysis indicated that performance on this measure was related to level of cognitive functioning, with higher level of unawareness associated with decreased cognitive ability. Discriminant validity analysis showed that performance on this measure was not related to social desirability or neuroticism. The study provides evidence that the MAFS is a reliable and valid tool for measuring awareness of financial skills in older people. (RH). |
| Accession Number | CPA-040618216 A |
| Classmark | EA: J: WNF: DA: 4C: 7S |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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