Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heter...

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Bibliographic Details
Main Authors: Kaiser, Tim, Menkhoff, Lukas
Format: Journal Article
Published: Published by Oxford University Press on behalf of the World Bank 2019
Subjects:
Online Access:http://hdl.handle.net/10986/31469