The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Financial Literacy, Financial Education and Economic Outcomes
Open accessAbstract
In this article we review the literature on financial literacy, financial education, and consumer financial outcomes.We consider how financial literacy is measured in the current literature, and examine how well the existing literature addresses whether financial education improves financial literacy or personal financial outcomes.We discuss the extent to which a competitive market provides incentives for firms to educate consumers or offer products that facilitate informed choice.We review the literature on alternative policies to improve financial outcomes, and compare the evidence to evidence on the efficacy and cost of financial education.Finally, we discuss directions for future research.
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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
Gross, D. B., & Souleles, N. S. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302753399472 · Cited by 867
Optimal Financial Knowledge and Wealth Inequality
Lusardi, A., Michaud, P.-C., & Mitchell, O. S. (2017) · Journal of Political Economy · doi:10.1086/690950 · Cited by 690
How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness
Lusardi, A., & Mitchell, O. (2009) · doi:10.3386/w15350 · Cited by 587
Agnew, J. R., & Szykman, L. R. (2005) · Journal of Behavioral Finance · doi:10.1207/s15427579jpfm0602_2 · Cited by 561
$100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans
Choi, J. J., Laibson, D., & Madrian, B. C. (2011) · Review of Economics and Statistics · doi:10.1162/rest_a_00100 · Cited by 354
Self-citation
Cited by
Savings by and for the Poor: A Research Review and Agenda
Karlan, D., Ratan, A. L., & Zinman, J. (2014) · Review of Income and Wealth · doi:10.1111/roiw.12101 · Cited by 548
Financial Literacy and Credit Card Behaviors: A Cross-Sectional Analysis by Age
Allgood, S., & Walstad, W. (2013) · Numeracy · doi:10.5038/1936-4660.6.2.3 · Cited by 149
Damayanti, S. M., & Zakarias, R. (2020) · Ekonomi dan Bisnis · doi:10.35590/jeb.v7i2.2193 · Cited by 12
Metadata
- Authors
- Hastings, J., Madrian, B., & Skimmyhorn, W.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2012-09
- OpenAlex
- W2891355194
- Cited by
- 224
- References
- 6
- Type
- report
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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