Click here for search results
Can you help someone become financially capable ? a meta-analysis of the literature
 
Author:Miller, Margaret; Reichelstein, Julia; Salas, Christian; Zia, Bilal; Collection Title:Policy Research working paper ; no. WPS 6745
Country:World; Date Stored:2014/01/16
Document Date:2014/01/01Document Type:Policy Research Working Paper
SubTopics:Financial Literacy; Access to Finance; Access & Equity in Basic Education; Curriculum & Instruction; Teaching and LearningLanguage:English
Region:The World RegionReport Number:WPS6745
Volume No:1 of 1  

Summary: This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions. The analysis 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 (increasing savings and promoting financial skills such as record keeping) but not in others (credit default).

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 77 pagesOfficial version*5.39 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/NS9I8440I0