Does financial education impact financial literacy and financial behavior, and if so, when ? (English)

A meta-analysis of 126 impact evaluation studies finds that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: financial education is less effective for low-income clients as well as in low- and lower-middle income economies. Specific behaviors, such as the...

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Author

Kaiser,Tim;

Menkhoff,Lukas;
Document Date
2017/08/09
Document Type
Policy Research Working Paper
Report Number
WPS8161
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/08/09
Disclosure Status
Disclosed
Doc Name
Does financial education impact financial literacy and financial behavior, and if so, when ?
Keywords
financial behavior

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Citation

Kaiser,Tim; Menkhoff,Lukas.

Does financial education impact financial literacy and financial behavior, and if so, when ? (English). Policy Research working paper|no. WPS 8161 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/144551502300810101

Does financial education impact financial literacy and financial behavior, and if so, when ? (English)

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