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 that focuses on financial education studies designed to strengthen the financial knowledge and behaviors of consumers. The analysis identifies 188 papers and articles that present...

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Main Authors:	Miller, Margaret, Reichelstein, Julia, Salas, Christian, Zia, Bilal
Format:	Journal Article
Language:	en_US
Published:	Oxford University Press on behalf of the World Bank 2017
Subjects:	financial education financial literacy meta analysis
Online Access:	http://hdl.handle.net/10986/26000

id	okr-10986-26000
recordtype	oai_dc
spelling	okr-10986-260002021-04-23T14:04:33Z Can You Help Someone Become Financially Capable? : A Meta-Analysis of the Literature Miller, Margaret Reichelstein, Julia Salas, Christian Zia, Bilal financial education financial literacy meta analysis This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions that 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 (e.g., increasing savings) but not in others (e.g., reducing loan defaults). 2017-02-02T21:25:59Z 2017-02-02T21:25:59Z 2015-08 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/26000 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	financial education financial literacy meta analysis
spellingShingle	financial education financial literacy meta analysis Miller, Margaret Reichelstein, Julia Salas, Christian Zia, Bilal Can You Help Someone Become Financially Capable? : A Meta-Analysis of the Literature
geographic_facet	Africa
description	This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions that 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 (e.g., increasing savings) but not in others (e.g., reducing loan defaults).
format	Journal Article
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	Oxford University Press on behalf of the World Bank
publishDate	2017
url	http://hdl.handle.net/10986/26000
_version_	1764460694631088128

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

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