Arbeitspapier
Does financial education impact financial literacy and financial behavior, and if so, when?
In a meta-analysis of 126 impact evaluation studies, we find 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."
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1562
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
Analysis of Education
- Thema
-
financial education
financial literacy
financial behavior
meta-analysis
meta-regression
impact evaluation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kaiser, Tim
Menkhoff, Lukas
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kaiser, Tim
- Menkhoff, Lukas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2017
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