Click here for search results

GFDR 2014: Financial Education Studies


Financial Education Studies

The financial education studies database summarizes the existing research on financial capability interventions. It contains information on 188 articles, reports, and studies, collected for a systematic review of financial education that is presented in chapter 2 of the Global Financial Development Report 2014: Financial Inclusion.

The database includes the following information for each of the 188 research articles:

  • Authors
  • Year of publication
  • Country where the financial education intervention occurred
  • Year(s) when the intervention occurred
  • Duration of the intervention (number of months (or portion thereof) during which the intervention occurred)
  • Intensity of the intervention (the number of hours during which the intervention occurred)
  • T_after (amount of time after the intervention when the evaluation data was collected – in months)
  • TT Treatment of Treated (binary variable = 1 if the individuals assigned to treatment were in fact treated)
  • Channel - type of delivery mechanism used for the financial education intervention (1= course taught in person; 2= individual consulting; 3= mass media; 4=phone; 5=print; 6=online; 7=mixed; 8=other)
  • Location – place where the intervention occurred (1=High School, 2= University, 3= Workplace, 4= Community/Third Party, 5= Home-based, 6= other, 7=mixed, 8=financial institution)
  • Topic of the intervention (1= Mortgage, 2=Credit Counseling, 3= business management, 4=savings/retirement, 5=other, 6=mixed)
  • Method (Research methodology – if randomized controlled trial (RCT) = 1; otherwise =0)
  • Journal type (Peer reviewed journal =1; Non-academic publication or report =2; Academic working paper =3)

For a more detailed description of the data, the sample, and a meta-analysis of the studies see Miller, Margaret, Julia Reichelstein, Christian Salas, and Bilal Zia. 2013. “Can You Teach Someone to Be Financially Capable? A Metaanalysis of the Literature.” Background paper, World Bank, Washington, DC.

The World Bank does not guarantee the accuracy of the data included in this work.

Please send your questions, comments, and suggestions to

Related Links

Exel file Financial Education Studies Database | PDF file Paper

Permanent URL for this page:

© 2016 The World Bank Group, All Rights Reserved. Legal