Publication:
Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

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dc.contributor.authorKaiser, Tim
dc.contributor.authorMenkhoff, Lukas
dc.date.accessioned2017-08-24T21:15:02Z
dc.date.available2017-08-24T21:15:02Z
dc.date.issued2017-08
dc.description.abstractA 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 handling of debt, are more difficult to influence and mandatory financial education tentatively appears to be less effective. Thus, intervention success depends crucially on increasing education intensity and offering financial education at a "teachable moment."en
dc.identifierhttp://documents.worldbank.org/curated/en/144551502300810101/Does-financial-education-impact-financial-literacy-and-financial-behavior-and-if-so-when
dc.identifier.doi10.1596/1813-9450-8161
dc.identifier.urihttps://hdl.handle.net/10986/27968
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8161
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCIAL INCLUSION
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL BEHAVIOR
dc.subjectMETA-ANALYSIS
dc.subjectMETA-REGRESSION
dc.subjectIMPACT EVALUATION
dc.subjectRANDOMIZED CONTROL TRIAL
dc.titleDoes Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/31469 Journal article
okr.crossref.titleDoes Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?
okr.date.disclosure2017-08-09
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/144551502300810101/Does-financial-education-impact-financial-literacy-and-financial-behavior-and-if-so-when
okr.guid144551502300810101
okr.identifier.doi10.1596/1813-9450-8161
okr.identifier.externaldocumentum090224b084e9047b_1_0
okr.identifier.internaldocumentum27889773
okr.identifier.reportWPS8161
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/144551502300810101/pdf/WPS8161.pdfen
okr.statistics.combined9665
okr.statistics.dr144551502300810101
okr.statistics.drstats7481
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.unitStrategy and Operations Team, Development Economics Vice Presidency
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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