Financial Literacy and Economic Outcomes: Evidence and Policy Implications.
Financial Literacy and Economic Outcomes: Evidence and Policy Implications.
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DOI：
10.3905/jor.2015.3.1.107
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发表时间：
2015
期刊：
影响因子：
--
通讯作者：
Lusardi A
中科院分区：
文献类型：
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作者：
Mitchell OS;Lusardi A
本文回顾了过去十年来我们在金融知识及其与世界各地金融决策的关系方面所学到的东西。通过三个问题，我们对几个国家的人们进行了调查，以确定他们是否具备作为有效决策者所需的基本经济和金融知识。我们发现，不仅在美国，金融知识的水平也很低。但在许多其他国家也是如此，包括那些金融市场发达的国家。此外，金融文盲对某些人口群体尤其严重，尤其是女性和受教育程度较低的人群。这些发现很重要，因为金融知识与借贷、储蓄和支出模式有关。我们还利用在18个国家实施的2012年国际学生评估计划，提供了关于高中生金融知识素养的新证据。最后，我们讨论了这项研究对政策的启示。
This paper reviews what we have learned over the past decade about financial literacy and its relationship to financial decision-making around the world. Using three questions, we have surveyed people in several countries to determine whether they have the fundamental knowledge of economics and finance needed to function as effective decision-makers. We find that levels of financial literacy are low not only in the United States. but also in many other countries including those with well-developed financial markets. Moreover, financial illiteracy is particularly acute for some demographic groups, especially women and the less-educated. These findings are important since financial literacy is linked to borrowing, saving, and spending patterns. We also offer new evidence on financial literacy among high school students drawing on the 2012 Programme for International Student Assessment implemented in 18 countries. Last, we discuss the implications of this research for policy.