Promoting financial literacy among the elderly: Consequences on confidence

Alessandro Bucciol, Simone Quercia and Alessia Sconti

Journal of Economic Psychology, 2021, vol. 87, issue C

Abstract: Financial literacy is a crucial skill for personal wealth management and economic well-being. Hence, it is important to evaluate the impact of interventions aimed at increasing financial knowledge and confidence in the most vulnerable groups of the society. We conduct an impact evaluation of a two-hour lecture targeting the elderly population. We find that the intervention does not have a significant impact on knowledge but has a significant effect on confidence and (partly) on overconfidence.

Keywords: Financial literacy; Knowledge; Confidence; Overconfidence (search for similar items in EconPapers)
JEL-codes: D13 D91 G53 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (6)

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Working Paper: Promoting Financial Literacy among the Elderly: Consequences on Confidence (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:87:y:2021:i:c:s016748702100060x

DOI: 10.1016/j.joep.2021.102428

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