Article2015

Visual tools and narratives: new ways to improve financial literacy

Annamaria Lusardi · Anya Savikhin Samek · Arie Kapteyn · Lewis Glinert · Angela Hung · Aileen Heinberg

131 citations0/0 files storedJournal of Pensions Economics and Finance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Literacy, Pension, Retirement Analysis Decision-Making and Behavioral Economics Financial Literacy and Behavior

Abstract

Abstract We developed and experimentally evaluated four novel educational programs delivered online: an informational brochure, a visual interactive tool, a written narrative, and a video narrative. The programs were designed to inform people about risk diversification, an essential concept for financial decision-making. The effectiveness of these programs was evaluated using the American Life Panel. Participants were exposed to one of the programs, and then asked to answer questions measuring financial literacy – in particular, risk literacy – and self-efficacy. All of the programs were found to be effective at increasing self-efficacy, and several improved financial literacy, providing new evidence for the value of programs designed to improve financial decision-making.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 131 citations exist upstream.

References

2014The Economic Importance of Financial Literacy: Theory and Evidence 2007Financial Literacy and Stock Market Participation 2001Measuring Global Self-Esteem: Construct Validation of a Single-Item Measure and the Rosenberg Self-Esteem Scale 1987Life as Narrative 2007Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth 2011Financial literacy around the world: an overview 2010Financial Literacy among the Young 2007Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education

Cited by

2024The impact of FinTech innovation on digital financial literacy in Europe: Insights from the banking industry 2023Mapping Financial Literacy: A Systematic Literature Review of Determinants and Recent Trends 2017FinTech Adoption Across Generations: Financial Fitness in the Information Age 2020Financial education and digital asset management: What's in the black box?2018Behavioral Household Finance

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.