scholarly journals Discounting financial literacy: Time preferences and participation in financial education programs

2013 ◽  
Vol 95 ◽  
pp. 159-174 ◽  
Author(s):  
Stephan Meier ◽  
Charles D. Sprenger
Keyword(s):  
Financial Literacy ◽  
Financial Education ◽  
Time Preferences ◽  
Education Programs

Enhancing Links between Research and Practice to Improve Consumer Financial Education and Well-Being

2015 ◽  
Vol 26 (1) ◽  
pp. 94-101 ◽  
Author(s):  
Billy J. Hensley
Keyword(s):  
Financial Literacy ◽  
Meta Analysis ◽  
Financial Education ◽  
Well Being ◽  
Collective Impact ◽  
Research Protocol ◽  
Education Programs ◽  
Financial Behaviors ◽  
Research And Practice ◽  
Influence Behavior

A recent meta-analysis of the effect of financial literacy and financial education on downstream financial behaviors has shown a weak collective impact of the work of financial education. While the findings are not stellar, they do not support a dismantling of financial education programs and funding. This paper examines the findings of the meta-analysis and discusses the implications for the field. In this discussion, a more thoughtful consideration of the ways to provide financial education and the manner about how to influence behavior is highlighted. In addition, this article proposes a systematic examination of why timely educational approaches should coexist with longer-term financial education programming. The field also needs a more rigorous examination of factors that impact intervention effectiveness, including a call for improved research protocol and evaluation and a plea for greater visibility between researchers and practitioners.

scholarly journals Financial Literacy, Materialism and Financial Behavior

2018 ◽  
Vol 5 (4) ◽  
pp. 370
Author(s):  
Anastasia Anggarkusuma Arofah ◽  
Yunastiti Purwaningsih ◽  
Mintasih Indriayu
Keyword(s):  
College Students ◽  
Financial Literacy ◽  
Significant Contribution ◽  
Financial Education ◽  
Economic Education ◽  
Financial Behavior ◽  
Original Sample ◽  
Education Programs ◽  
Goods And Services ◽  
Financial Behaviour

AbstractOtoritas Jasa Keuangan (OJK) focus on improving financial behavior is through financial education program. This study discusses the importance of financial literacy and materialism attitudes in affecting individual’s financial behaviour. Using survey on 129 undergraduates of Economic Education, financial literacy and materialism being factor in affecting behaviour finance. The result of research shows that financial literacy has positive and significant contribution on financial behaviour. It can be seen from the original sample value is 0.244 and t-value 2.319 > 1.96. In addition materialism has a positive and significant contribution on financial behaviour with the original sample value is -0.583 and t-value 6.666 > 1.96. Undergraduates with high financial literacy has good financial behaviour, and undergraduates with low materialism tends can hold an activity related to the purchase of consumer goods and services. Moreover, the significance of financial literacy and self-efficacy has important implications for the development of policies that aim to improve financial behaviour among college students in financial education programs. Keywords: Financial Literacy, Materialism, Financial Behaviour, Financial Education

A review of financial-literacy education programs for children and adolescents

2017 ◽  
Vol 17 (1) ◽  
pp. 56-80 ◽  
Author(s):  
Aisa Amagir ◽  
Wim Groot ◽  
Henriëtte Maassen van den Brink ◽  
Arie Wilschut
Keyword(s):  
Children And Adolescents ◽  
Financial Literacy ◽  
Financial Education ◽  
Literacy Education ◽  
Financial Behavior ◽  
Education Programs ◽  
Effective School ◽  
Positive Effects ◽  
School Based ◽  
Key Characteristics

In this systematic literature review, we evaluate the effectiveness of financial-literacy education programs and interventions for children and adolescents. Furthermore, the key characteristics of the design of a successful financial-education curriculum are described. The evidence shows that school-based financial-education programs can improve children’s and adolescents’ financial knowledge and attitudes. Studies that assess the intention to practice good behavior and studies based on self-reported behavior also report positive effects. However, studies that assess the effects of financial education on children’s and adolescent’s actual financial behavior are scarce, and show hardly any effect. A promising method to teach financial literacy to children and adolescents in primary and secondary school is “experiential learning.” In college, the focus should be on specific “life events” of students. The findings may be useful for designing an effective school-based financial education program.

Transnational financial education for Filipino migrant workers

2019 ◽  
Vol 28 (4) ◽  
pp. 457-468
Author(s):  
Juyoung Jang ◽  
Seori Choi ◽  
Chang Won Lee ◽  
Stella Go
Keyword(s):  
Education Program ◽  
Migrant Workers ◽  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Financial Education ◽  
The Philippines ◽  
Primary Data ◽  
Education Programs ◽  
Contract Of Employment

This exploratory study sought to identify relevant topics for financial education programs for Filipino Employment Permit System (EPS) workers in Korea. EPS workers are temporary migrant workers who return to their home countries after their contract of employment ends. The study reviewed existing financial education programs for migrants in Korea and the Philippines and collected primary data through surveys and focus group interviews to develop a suitable financial education program for Filipino EPS workers. The results revealed that Filipino EPS workers were passive users of Korean financial services and often lacked financial literacy. Also, they did not have much communication with their families in the Philippines about financial management. A forum about transnational financial education was organized to discuss the implications of the study findings and a pilot financial education program was developed.

Student Teachers’ Capacity and Willingness to Teach Financial Literacy in Flanders

2017 ◽  
Vol 28 (2) ◽  
pp. 313-321 ◽  
Author(s):  
Lieven De Moor ◽  
Lindsey Verschetze
Keyword(s):  
Teacher Education ◽  
Student Teachers ◽  
Education Program ◽  
Financial Literacy ◽  
Teacher Education Program ◽  
Financial Education ◽  
Teacher Education Programs ◽  
Education Students ◽  
Education Programs ◽  
Teacher Education Students

The purpose of this article is to assess the student teachers’ capacity and willingness to teach financial literacy in Flanders via on-site paper surveys of 368 final-year teacher education students. We argue that the Flemish teacher education program needs to be revised to introduce financial education in secondary schools. We find that revisions to the program can improve student teachers’ capacity and increase their willingness to teach for financial literacy. Moreover, student teachers support such reforms. Thus, policymakers and researchers can use this article as a guideline for revising teacher education programs with respect to financial education.

scholarly journals Harga Diri, Niat Menambah Pinjaman Dan Gelagat Perbelanjaan Individu Muslim Berpendapatan Rendah Di Sektor Perladangan

2019 ◽  
Vol 6 (1) ◽  
pp. 49-61
Author(s):  
Dicky Wiwittan Toto Ngadiman ◽  
Hainnur Aqma Rahim ◽  
Salmy Edawaty Yacoob ◽  
Hairunnizam Wahid
Keyword(s):  
Structural Equation Modeling ◽  
Data Analysis ◽  
Low Income ◽  
Financial Literacy ◽  
Structural Equation ◽  
Financial Education ◽  
Self Esteem ◽  
Equation Modeling ◽  
Education Programs ◽  
Spending Behavior

The importance of self-esteem cannot be underestimated. According to many previous researchers, self-esteem affects people behavior and thoughts. It changes how people feel about and value themself. It affects their confidence, and that can affect their success and thinking in a big way. Therefore, the objective of this study is examines the influence of self-esteem towards the intention of increasing the loan and the spending behavior of tahsiniyyat goods among the low-income people in plantation sector in Sabah. The study utilized data obtained from questionnaires that have been completed by 378 low-income people in Felda, Sabah.  The data analysis was carried out through Partial Least Squares-Structural Equation Modeling (PLS-SEM) techniques by using the SmartPLS 2.0 M3 software. The results revealed that there is a significant relationship between self-esteem with intention to increase their loans. We also observe that generally low-income people in plantation sector have spent their loan in tahsiniyyat goods. Results of this study suggest it is important for policymakers to increase financial literacy of low-income people by implementing various financial education programs so that they student can spent their loan wisely.

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