OECD Journal: General Papers

OECD Papers
  |   Documents de l'OCDE
Frequency :
1995-283X (online)
1995-2821 (print)
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OECD Journal: General Papers presents a collection of articles on a range of subjects, from the latest OECD research on macroeconomics and economic policies, to work in areas as varied as employment, education, environment, trade, science and technology, development and taxation.  Published as part of the OECD Journal package.


Volume 2008, Issue 3 You do not have access to this content

Publication Date :
19 Feb 2009

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  19 Feb 2009 Click to Access:  Evaluating the Effectiveness of Financial Education Programmes
Alison O’Connell
Policy makers in many countries are giving more attention to ‘financial literacy’ or ‘financial capability’, and there are many financial education programmes. The need to evaluate the effectiveness of these programmes is likely to increase. But little evaluation is currently taking place, and the evaluations made so far show mixed and inconclusive results. It is not clear whether this is a consequence of poor evaluation methods or poor programme design, or, that financial education works patchily. But it does mean that a positive impact from financial education has not been unambiguously proven; nor has a clear picture emerged of what works best and why. Evaluation of financial education is inherently difficult, and the impact of any one programme can probably never be fully isolated. Nevertheless, this paper suggests that evaluating the effectiveness of financial education can and should be improved. It begins to develop an approach to do so, including a Financial Education Evaluation (FEE) Framework which can be tailored for any programme in any country. This paper also suggests guidelines for governments and other public authorities to lead the way towards better evaluation of the benefits, costs and value for money of financial education.
  19 Feb 2009 Click to Access:  Financial Education Programmes in Schools
Shaun Mundy
Research in a number of countries has shown that many people lack the ability to manage their money well. At the same time, the consequences, both to individuals and to society at large, of a failure by people to take adequate steps to safeguard their financial future are becoming increasingly serious.
  19 Feb 2009 Click to Access:  Pension Information
Lena Larsson, Annika Sundén, Ole Settergren
The world’s allegedly shortest mail correspondence took place in 1862. The French author Victor Hugo had gone on vacation as his big novel Les miserable was published. But Hugo could not refrain himself from writing to the publisher to ask how it went. The letter read: « ? » and the publishers’ reply « ! ».
  19 Feb 2009 Click to Access:  Financial Education and Annuities
Jeffrey R. Brown
Life annuities – financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream – have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theoretical work in economics suggests that life annuities ought to comprise a large share of the retirement portfolios of most households. Yet around the world, voluntary annuity markets remain small.
  19 Feb 2009 Click to Access:  Stocktaking Report and Policy Recommendations on Risk Awareness and Education on Natural Catastrophes
Rebekah Green, Marla Petal
The growing cost and frequency of natural catastrophes and their implications for economic growth and development have led to a concern over the level of public awareness and education relative to large-scale catastrophes and disaster risk reduction measures. Public awareness and education of disaster risk reduction are, in particular, increasingly acknowledged as important components of effective risk management of natural catastrophes. The financial component of disaster risk management and mitigation strategies, involving risk transfer and compensation strategies, is also recognised as being important for reducing the financial impact of catastrophes on individuals, businesses, and governments, and permitting more rapid economic and social recovery. As such, systematic promotion of public awareness and education of risks and risk reduction measures, including financial loss-sharing and risk transfer tools, is an important aspect of national and international strategies to reduce vulnerability and losses from catastrophic events.
  19 Feb 2009 Click to Access:  Credit: Some Macroeconomic, Market and Consumer Implications
Mario Fortin, Jacques Préfontaine
Financial consumers are facing paradoxical situations. On the one hand, they are overly solicited to use credits on various forms. On the other hand, segments of the population do not have access to credit. In this paper, we examine some emerging issues regarding consumer protection and information in four OECD countries: Australia, Canada, the United Kingdom and the United States. These four countries have much in common but nevertheless develop their own specific experience. By comparing their recent experience we identify some questions of emerging importance.
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