Improving Financial Education Efficiency
Hide / Show Abstract

Improving Financial Education Efficiency

OECD-Bank of Italy Symposium on Financial Literacy

This symposium proceedings examines three aspects of financial education: monitoring and evaluation, use of behavioral economics,  and financial literacy and defined contribution pension plans.

Click to Access: 
    http://oecd.metastore.ingenta.com/content/2111011e.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/finance-and-investment/improving-financial-education-efficiency_9789264108219-en
  • READ
27 Oct 2011
DOI :
10.1787/9789264108219-en
 
Chapter
 

Can Behavioural Economics be used to make Financial Education more Effective? You do not have access to this content

Click to Access: 
    http://oecd.metastore.ingenta.com/content/2111011ec006.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/finance-and-investment/improving-financial-education-efficiency/can-behavioural-economics-be-used-to-make-financial-education-more-effective_9789264108219-6-en
  • READ
Author(s):
Joanne Yoong
Pages :
65–101
DOI :
10.1787/9789264108219-6-en

Hide / Show Abstract

This chapter investigates the extent to which behavioural economics might explain some of the problematic financial behaviours that are observed amongst consumers, including low levels of retirement saving and high levels of credit use. It also asks how behavioural economics can help policy makers to improve financial education, from take-up to completion. Various tools available to policy makers to help consumers overcome psychological constraints are discussed. These include supervision and regulation of financial services, and the design of default options.