Fin Lit Fin Ed and Behaviours
Author: Daniel Fernandes, John G. Lynch, Richard G. Netemeyer
Topic: Financial behaviour/decisions
Publisher: Management Science
Location: United States
Format: Article
Content Type: Miscellaneous
Publication Date: January 31, 2014
Policy makers have embraced financial education as a necessary antidote to the increasing complexity of consumers’ financial decisions over the last generation. This research conducts a meta-analysis of the relationship of financial literacy and of financial education to financial behaviours in 168 papers covering 201 prior studies. The researchers suggest a real but narrower role for “just in time” financial education tied to specific behaviours it intends to help. We conclude with a discussion of the characteristics of behaviours that might affect the policy maker’s mix of financial education, choice architecture, and regulation as tools to help consumer financial behaviour.
Get It

You need to login or register to bookmark/favorite this content.

Related Tags