Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

Kaiser, Tim; Menkhoff, Lukas

doi:10.1596/1813-9450-8161

Cited by 84 publications

(94 citation statements)

References 24 publications

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“…Many of these studies are based on randomized control trails, studying poor people in developing countries. Results of these studies show that the effect of financial literacy training is small (Fernandes et al, 2014), but training is more effective in improving savings behaviors than borrowing behaviors (Kaiser and Menkhoff, 2017).…”

Section: Introductionmentioning

confidence: 99%

Financial literacy and financial behavior: Evidence from the emerging Asian middle class

Grohmann

2018

Pacific-Basin Finance Journal

188

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

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Section: Introductionmentioning

confidence: 99%

Financial literacy and financial behavior: Evidence from the emerging Asian middle class

Grohmann

2018

Pacific-Basin Finance Journal

188

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“…The significance of the current findings is that they prove, through the example of Hungary, that financial awareness closely correlates with household saving and borrowing patterns (for its international background, see Mitchell Nevertheless, financial literacy can only be significantly shaped over the long term, if at all. Given on 126 impact analyses, Kaiser and Menkhoff concluded that financial training courses improve the population's financial skills in general, but typically not in the case of lower-income social layers (Kaiser & Menkhoff, 2017). On the other hand, borrowing habits are extremely difficult to influence, irrespectively of social layers.…”

Section: Financial Literacy In the International Literaturementioning

confidence: 99%

Post-crisis trends in household credit market behavior: evidence from Hungary (Literature review)

Sági

Lentner

2019

Banks and Bank Systems

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In response to a sharp rise in household credit repayment risk after the 2008 crisis, the banking sector was consolidated, borrowing conditions were tightened and the regulatory authorities had to improve the financial literacy of population. The study evaluates the effectiveness of regulatory measures to prevent excessive indebtedness, and analyzes the results of the latest survey of population financial literacy in Hungary after the 2008 financial crisis. The results confirm the scientific studies of different economists and scholars who state that the financial awareness is closely related to household saving and borrowing patterns. The outcomes of the analysis reveal the risks associated with the lack of financial literacy in Hungary. In fact, the financial awareness of households over the past years has not improved significantly either in the wake of losses suffered on FX-based loans, or as a result of the preventive actions undertaken by the government regulatory bodies.

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“…In a meta-analysis of 126 evaluation studies, financial education has been found to have a significant impact on financial behavior and, to an even greater extent, on financial literacy. The success of the intervention is fundamentally dependent on increasing the intensity of education and the provision of financial education (Kaiser, Menkhoff, 2017). The other author's study uses school reforms as intermediaries for the growth of quantitative skills but does not contain any direct quantitative skills or financial literacy.…”

Section: Cultivating Human Capital As An Education Focused On Entreprmentioning

confidence: 99%

The Factor of Finance and Entrepreneurship in Terms of Human Capital Development

Krpálek¹,

Krpalkova-Krelova²

2018

Rural Environment. Education. Personality

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Abstract:The paper focuses on the analysis of the formation of human capital, already in the formal education stage in terms of the assessment of the importance and motivational level of the cross-sectional integral component of finance and entrepreneurship. Based on the content analysis and the discourse of the relevant contemporary trends in the Czech Republic, the authors present an original model of support of financial literacy and leadership for entrepreneurship on the case study of the implementation of courses of the Practice Enterprise, as it is implemented under the terms of study programmes at the University of Economics in Prague. Hypotheses have been formulated to confirm or disprove the effectiveness of this model of human capital formation from the perspective of preferences, motivation, and target satisfaction of clients in education. The programme's underestimated importance of practice, given by the limited use of the courses of the Practice Enterprise as a practically oriented optional subject, for the formation of financial education and for entrepreneurship education, has been proved. At the same time the positive motivation, the satisfaction of students, the functional ability of the model and the importance of entrepreneurship and financial literacy for the creation of desirable human capital for further professional and entrepreneurial careers of education clients has been proved as well.

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Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

Cited by 84 publications

References 24 publications

Financial literacy and financial behavior: Evidence from the emerging Asian middle class

Financial literacy and financial behavior: Evidence from the emerging Asian middle class

Post-crisis trends in household credit market behavior: evidence from Hungary (Literature review)

The Factor of Finance and Entrepreneurship in Terms of Human Capital Development

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