Harnessing Emotional Connections to Improve Financial Decisions: Evaluating the Impact of Financial Education in Mainstream Media

This paper exploits the emotional connections and viewer attentiveness of mainstream media to evaluate the economic impact of financial education messages on debt management delivered through a popular television soap opera in South Africa. The stu...

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Bibliographic Details
Main Authors:	Zia, Bilal, Berg, Gunhild
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ADVERTISING CAMPAIGNS ALCOHOLIC ARREARS ATM AWARENESS CAMPAIGN BANK ACCOUNT BANK ACCOUNTS BANKS BEHAVIOR CHANGE BEHAVIORAL EFFECTS BORROWER BORROWING BORROWING MONEY BROCHURES BUDGETING BULLETIN BUSINESS DEVELOPMENT CALL CENTER CALL CENTERS CAPTIVE AUDIENCE CONSUMER CONSUMER CREDIT CONSUMER LOAN CONSUMER PREFERENCES CONSUMERS CONTRACEPTION CONTRIBUTION CONTRIBUTIONS CREDIT BUREAU CREDIT COUNSELING CREDIT PROVIDER CREDIT PROVIDERS CREDIT STATUS DAY-TO-DAY MONEY MANAGEMENT DEBT DEBT MANAGEMENT DEBTS DELIVERY MECHANISMS DEMAND FOR SAVING DEMOGRAPHIC PROFILES DEPOSIT DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT POLICY DISPOSABLE INCOME DISSEMINATION DIVORCE DOMESTIC VIOLENCE DRUG USE DURABLE DURABLE GOODS EARNINGS ECONOMIC ANALYSIS EDUCATIONAL ATTAINMENT EMERGENCIES EMPLOYEE ENROLLMENT EQUALITY EXPENDITURE FAMILIES FAMILY MEMBER FAMILY PLANNING FAMILY PLANNING METHODS FAMILY SIZE FEDERAL RESERVE FEDERAL RESERVE BANK FEMALE GENITAL CUTTING FEMALE RESPONDENT FEMALE RESPONDENTS FERTILITY FERTILITY RATES FEWER CHILDREN FINANCES FINANCIAL ADVICE FINANCIAL ADVISOR FINANCIAL ADVISORY SERVICE FINANCIAL BEHAVIOR FINANCIAL BEHAVIORS FINANCIAL CHOICES FINANCIAL CONCEPTS FINANCIAL DECISION FINANCIAL DECISIONS FINANCIAL DISTRESS FINANCIAL EDUCATION FINANCIAL EDUCATION PROGRAM FINANCIAL EXPERIENCES FINANCIAL INCENTIVE FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY CENTER FINANCIAL LITERACY TEST FINANCIAL LITERACY TRAINING FINANCIAL MANAGEMENT FINANCIAL MATTERS FINANCIAL MISMANAGEMENT FINANCIAL OBLIGATIONS FINANCIAL OUTCOMES FINANCIAL PLAN FINANCIAL PROBLEMS FINANCIAL PRODUCTS FINANCIAL RESPONSIBILITY FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY FINANCIAL SITUATION FINANCIAL SYSTEM FINANCIAL TROUBLE FOCUS GROUP DISCUSSIONS FOREIGN POLICY FORMAL BANK FORMAL BORROWING FORMAL EDUCATION FORMAL FINANCIAL INSTITUTIONS GENDER GENDER DIFFERENCE GENDER DIFFERENCES HIV HOME IMPROVEMENT HOMEOWNERSHIP HOMEOWNERSHIP COUNSELING HOUSEHOLD DEBT HOUSEHOLD EXPENSE HOUSEHOLDS HUSBAND HUSBANDS IMMIGRANTS INCOME GROUPS INCOME LEVEL INCOME LEVELS INDEBTEDNESS INDEPENDENT FINANCIAL ADVISERS INFANT INFANT MORTALITY INFANT MORTALITY RATES INFORMED FINANCIAL DECISIONS INSTALLMENT INSTALLMENTS INTEREST CHARGES INTERNATIONAL BANK INTERNATIONAL FAMILY PLANNING INTERNATIONAL FAMILY PLANNING PERSPECTIVES KNOWLEDGE GAP LIVING STANDARD LIVING STANDARDS LOAN CONTRACT LOAN DEMAND LOAN PAYMENTS LOAN PERFORMANCE LOAN PERIOD LOAN SHARKS LOAN TERMS LOW INCOME LOW INCOME GROUPS LOW-INCOME MALARIA MARKETING MASS MEDIA MEDIA CAMPAIGNS MINORITY MINORITY GROUPS MINORITY WOMEN MONTHLY PAYMENTS MORTGAGE MOTHER MULTIPLE LOANS NATIONAL CREDIT NATIONAL DEBT NATIONAL TREASURY ORAL REHYDRATION THERAPY OUTREACH PERSONAL FINANCIAL MANAGEMENT POLICY DISCUSSIONS POLICY MAKERS POLICY RESEARCH POLICY RESEARCH WORKING PAPER PREFERENCE FOR SONS PRIVATIZATION PROBABILITIES PROBABILITY PROGRESS PUBLIC AWARENESS PUBLIC CALL PUBLIC HEALTH PUBLIC SERVICE PURCHASES RADIO RADIO PROGRAM REAL ESTATE REGRESSION ANALYSIS REPAYMENT REPAYMENT PERIOD RESEARCH ASSISTANCE RESERVE BANK RETIREMENT RULE OF LAW SALARY SALES SAVINGS SAVINGS PLAN SAVINGS RATE SAVINGS RATES SECONDARY SCHOOL SECONDARY SCHOOLING SOCIAL CHANGE SOCIAL MARKETING SOCIAL NORMS SOUND FINANCIAL MANAGEMENT SOURCE OF INFORMATION STATUS OF WOMEN TEEN TEEN PREGNANCY TEENAGE PREGNANCIES TELEVISION TELEVISION NETWORK TELEVISION SOAP OPERAS TERMINATION TOLERANCE TRUST FUND TV UNEXPECTED EXPENSES URBAN AREAS VICIOUS CYCLE VILLAGES WOMAN WORTH YOUNG PEOPLE
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17561771/harnessing-emotional-connections-improve-financial-decisions-evaluating-impact-financial-education-mainstream-media http://hdl.handle.net/10986/14445

Internet

http://documents.worldbank.org/curated/en/2013/04/17561771/harnessing-emotional-connections-improve-financial-decisions-evaluating-impact-financial-education-mainstream-media
http://hdl.handle.net/10986/14445

Harnessing Emotional Connections to Improve Financial Decisions: Evaluating the Impact of Financial Education in Mainstream Media

Internet

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