HUMAN CAPITAL APPROACH TO DEVELOPING FINANCIAL LITERACY IN THE DIGITAL ERA
Keywords:
Keywords: financial literacy, digital economy, human capital approach, digital skills, financial behavior, economic security.Abstract
Abstract
The rapid digitalization of financial systems has fundamentally transformed the
way individuals interact with financial markets, institutions, and services. While digital
financial technologies have increased access to financial products and enhanced
financial inclusion, they have also introduced new risks related to information
asymmetry, behavioral biases, and digital fraud. This extended thesis examines the
development of financial literacy in the digital era through the human capital approach.
It argues that financial literacy—particularly digital financial literacy—should be
treated as a core component of human capital that directly influences financial
behavior, economic security, and sustainable development. Drawing on human capital
theory, behavioral economics, and international empirical evidence, the study
highlights the importance of education, institutional coordination, and digital
competencies in strengthening financial literacy and ensuring responsible financial
behavior in the digital age.
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