Financial Literacy and Financial Education: An Overview

Tim Kaiser and Annamaria Lusardi ()

No 16926, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This article provides a concise narrative overview of the rapidly growing empirical literature on financial literacy and financial education. We first discuss stylized facts on the demographic correlates of financial literacy. We next cover the evidence on the effects of financial literacy on financial behaviors and outcomes. Finally, we review the evidence on the causal effects of financial education programs focusing on randomized controlled trial evaluations. The article concludes with perspectives on future research priorities for both financial literacy and financial education.

Keywords: financial education; financial literacy; financial behavior (search for similar items in EconPapers)
JEL-codes: D14 G53 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2024-04
New Economics Papers: this item is included in nep-ban, nep-exp, nep-fle, nep-hpe and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Financial Literacy and Financial Education: An Overview (2024)
Working Paper: Financial literacy and financial education: An overview (2024)
Working Paper: Financial Literacy and Financial Education: An Overview (2024)
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