Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature

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....

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Main Authors:	Miller, Margaret, Reichelstein, Julia, Salas, Christian, Zia, Bilal
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	CONSUMER BEHAVIORS DEFAULTS ON LOANS DELIVERY CHANNEL FINANCIAL CAPABILITY FINANCIAL LITERACY SAVINGS BEHAVIOR
Online Access:	http://documents.worldbank.org/curated/en/2014/01/18807418/can-help-someone-financially-capable-meta-analysis-literature http://hdl.handle.net/10986/16833

id	okr-10986-16833
recordtype	oai_dc
spelling	okr-10986-168332021-04-23T14:03:33Z Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature Miller, Margaret Reichelstein, Julia Salas, Christian Zia, Bilal CONSUMER BEHAVIORS DEFAULTS ON LOANS DELIVERY CHANNEL FINANCIAL CAPABILITY FINANCIAL LITERACY SAVINGS BEHAVIOR 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). 2014-02-03T21:11:03Z 2014-02-03T21:11:03Z 2014-01 http://documents.worldbank.org/curated/en/2014/01/18807418/can-help-someone-financially-capable-meta-analysis-literature http://hdl.handle.net/10986/16833 English en_US Policy Research Working Paper;No. 6745 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	CONSUMER BEHAVIORS DEFAULTS ON LOANS DELIVERY CHANNEL FINANCIAL CAPABILITY FINANCIAL LITERACY SAVINGS BEHAVIOR
spellingShingle	CONSUMER BEHAVIORS DEFAULTS ON LOANS DELIVERY CHANNEL FINANCIAL CAPABILITY FINANCIAL LITERACY SAVINGS BEHAVIOR Miller, Margaret Reichelstein, Julia Salas, Christian Zia, Bilal Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
relation	Policy Research Working Paper;No. 6745
description	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).
format	Publications & Research :: Policy Research Working Paper
author	Miller, Margaret Reichelstein, Julia Salas, Christian Zia, Bilal
author_facet	Miller, Margaret Reichelstein, Julia Salas, Christian Zia, Bilal
author_sort	Miller, Margaret
title	Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
title_short	Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
title_full	Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
title_fullStr	Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
title_full_unstemmed	Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
title_sort	can you help someone become financially capable? a meta-analysis of the literature
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/01/18807418/can-help-someone-financially-capable-meta-analysis-literature http://hdl.handle.net/10986/16833
_version_	1764435094281388032

Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature

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