Financial Literacy, Financial Education, and Economic Outcomes

Autor/inn/en	Hastings, Justine S.; Madrian, Brigitte C.; Skimmyhorn, William L.
Titel	Financial Literacy, Financial Education, and Economic Outcomes
Quelle	In: Annual Review of Economics, 5 (2013), S.347-373 (27 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1941-1391
DOI	10.1146/annurev-economics-082312-125807
Schlagwörter	Literature Reviews; Knowledge Level; Costs; Money Management; Consumer Education; Competition; Incentives; Financial Policy; Educational Finance + Suchen Sie Ihr Suchwort? Wissensbasis; Cost; Kosten; Konsumerziehung; Wettkampf; Anreiz; Fiscal policy; Finanzpolitik; Bildungsfonds
Abstract	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 to offer products that facilitate informed choice. We review the literature on alternative policies to improve financial outcomes and compare the evidence with that on the efficacy and cost of financial education. Finally, we discuss directions for future research. (As Provided).
Anmerkungen	Annual Reviews. PO Box 10139, Palo Alto, CA 94303. e-mail: service@annualreviews.org; Web site: http://www.annualreviews.org/journal/economics
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01