The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
Abstract
This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions that focuses on financial education studies designed to strengthen the financial knowledge and behaviors of consumers. The analysis identifies 188 papers and articles that present impact results of interventions designed to increase consumers' financial knowledge (financial literacy) or skills, attitudes, and behaviors (financial capability). These papers are diverse across a number of dimensions, including objectives of the program intervention, expected outcomes, intensity and duration of the intervention, delivery channel used, and type of population targeted. However, there are a few key outcome indicators where a subset of papers are comparable, including those that address savings behavior, defaults on loans, and financial skills such as record keeping. The results from the meta-analysis indicate that financial literacy and capability interventions can have a positive impact in some areas (e.g., increasing savings) but not in others (e.g., reducing loan defaults).
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Citations
Cites
Financial literacy and stock market participation
van Rooij, M., Lusardi, A., & Alessie, R. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.03.006 · Cited by 3,554 · cited 1×
“…Lusardi 2011; Lusardi and Mitchell 2012; 2007); investment decisions such as diversifica-tion (Abreu and Mendes 2010) and investments in equities (Van Rooij et al. 2011; Christelis et al. 2010); credit management and satisfaction; and mortgage performance (Gerardi et al. 2010; Quercia and Spader…”
BackgroundPublication Bias in Meta‐Analysis: Prevention, Assessment and Adjustments
(2005) · doi:10.1002/0470870168 · Cited by 2,368
Deeks, J. J., Altman, D. G., & Bradburn, M. J. (2001) · Systematic Reviews in Health Care · doi:10.1002/9780470693926.ch15 · Cited by 2,163
Financial Literacy, Financial Education, and Downstream Financial Behaviors
Fernandes, D., Lynch, J. G., & Netemeyer, R. G. (2014) · Management Science · doi:10.1287/mnsc.2013.1849 · Cited by 2,152
Financial Literacy, Financial Education, and Economic Outcomes
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013) · Annual Review of Economics · doi:10.1146/annurev-economics-082312-125807 · Cited by 1,041
THE EFFECTS OF PERCEIVED AND ACTUAL FINANCIAL LITERACY ON FINANCIAL BEHAVIORS
Allgood, S., & Walstad, W. B. (2016) · Economic Inquiry · doi:10.1111/ecin.12255 · Cited by 620
How Financial Literacy Affects Household Wealth Accumulation
Behrman, J. R., Mitchell, O. S., Soo, C. K., & Bravo, D. (2012) · American Economic Review · doi:10.1257/aer.102.3.300 · Cited by 582 · cited 1×
“Studies have shown that financial knowledge is linked to higher levels of retirement planning and savings (Behrman et al. 2012; Alessie et al. 2011; Bucher-Koenen and Lusardi 2011; Lusardi and Mitchell 2012; 2007); investment decisions such as diversification (Abreu and Mendes 2010) and investments…”
BackgroundDuflo, E., Gale, W., Liebman, J., Orszag, P., & Saez, E. (2006) · Quarterly Journal of Economics · doi:10.1162/qjec.121.4.1311 · Cited by 314
Can Entrepreneurial Activity be Taught? Quasi-Experimental Evidence from Central America
Klinger, B., & Schündeln, M. (2011) · World Development · doi:10.1016/j.worlddev.2011.04.021 · Cited by 171
Cited by
Does financial literacy improve financial inclusion? Cross country evidence
Grohmann, A., Klühs, T., & Menkhoff, L. (2018) · World Development · doi:10.1016/j.worlddev.2018.06.020 · Cited by 699
Financial Education Affects Financial Knowledge and Downstream Behaviors
Kaiser, T., Lusardi, A., Menkhoff, L., & Urban, C. (2022) · Journal of Financial Economics · doi:10.1016/j.jfineco.2021.09.022 · Cited by 508
Financial Literacy and Economic Outcomes: Evidence and Policy Implications
Mitchell, O. S., & Lusardi, A. (2015) · The Journal of Retirement · doi:10.3905/jor.2015.3.1.107 · Cited by 235
Berg, G., & Zia, B. (2017) · Journal of the European Economic Association · doi:10.1093/jeea/jvw021 · Cited by 120
Self-citationAteş, S., Coşkun, A., & Şahin, M. A. (2016) · Business and Economics Research Journal · doi:10.20409/berj.2016321805 · Cited by 99
Metadata
- Authors
- Miller, M., Reichelstein, J., Salas, C., & Zia, B.
- Venue
- The World Bank Research Observer
- Publisher
- Oxford University Press (OUP)
- Published
- 2015-05-04
- Volume
- 30
- Issue
- 2
- Pages
- 220-246
- ISSN
- 0257-3032 (ISSN-L)
- 1564-6971
- OpenAlex
- W2153874956
- Cited by
- 321
- References
- 9
- FWCI
- 20.38
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
