Region Focus

Third Quarter 2011

Don’t Know Much About Financial Literacy: In this classroom, the right choice may be (d) all of the above

The financial crisis revealed a widespread need for better financial education. What have we learned since then about how to improve financial literacy?

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Related Links

Carlin, Bruce Ian, and David T. Robinson. "What Does Financial Literacy Training Teach Us?" National Bureau of Economic Research Working Paper No. 16271, August 2010.

Carpena, Fenella, Shawn Cole, Jeremy Shapiro, and Bilal Zia. "The ABCs of Financial Literacy – Experimental Evidence on Attitudes, Behavior and Cognitive Biases." Paper presented at the annual meeting of the Allied Social Science Associations, Denver, Co., January 2011.

Gerardi, Kristopher, Lorenz Goette, and Stephan Meier. "Financial Literacy and Subprime Mortgage Delinquency: Evidence from a Survey Matched to Administrative Data." Federal Reserve Bank of Atlanta Working Paper No. 2010-10, April 2010.

Lusardi, Annamaria, and Olivia S. Mitchell. "Financial Literacy and Retirement Planning in the United States." National Bureau of Economic Research Working Paper No. 17108, June 2011.
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