Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296159 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11070
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This article provides a concise narrative overview of the rapidly growing empirical literature on financial literacy and financial education. We first discuss stylized facts on the demographic correlates of financial literacy. We next cover the evidence on the effects of financial literacy on financial behaviors and outcomes. Finally, we review the evidence on the causal effects of financial education programs focusing on randomized controlled trial evaluations. The article concludes with perspectives on future research priorities for both financial literacy and financial education.
Subjects: 
financial education
financial literacy
financial behavior
JEL: 
G53
D14
Document Type: 
Working Paper
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