Background: In recent years, there has been generalized concern in all countries about increasing the younger population's level of financial literacy. However, there is still little evidence on the key factors explaining financial literacy, as the existing literature is inconclusive about this issue. This paper focuses on exploring whether…

The purpose of this paper is to extend and evaluate methods of "Bayesian historical borrowing" applied to longitudinal data with a focus on parameter recovery and predictive performance. Bayesian historical borrowing allows researchers to utilize information from previous data sources and to adjust the extent of borrowing based on the…

One major challenge of longitudinal data analysis is to find an appropriate statistical model that corresponds to the theory of change and the research questions at hand. In the present article, we argue that "continuous-time models" are well suited to study the continuously developing constructs of primary interest in the education…

Background: In the context of international large scale assessments, it is often not feasible to implement a complete survey of all relevant populations. For example, the OECD Program for International Student Assessment surveys both students and schools, but does not obtain information from teachers. In contrast the OECD Teaching and Learning…