This symposium proceedings examines three aspects of financial education: monitoring and evaluation, use of behavioral economics, and financial literacy and defined contribution pension plans.
Tables des matières:
Executive Summary PART I. MONITORING FINANCIAL LITERACY AND EVALUATING FINANCIAL EDUCATION PROGRAMMES Chapter 1. A framework for developing international financial literacy surveys by Elaine Kempson -1. Introduction -2. Who to survey -3. Survey method -4. Sampling -5. Questionnaire design -6. Analysing and reporting results -Annex I.A1. Web links to survey reports and questionnaires -Annex I.A2. Financial literacy measurement questions and socio-demographics Chapter 2. A framework for evaluating financial education programmes by Annamaria Lusardi -1. The issue: The necessity of evaluating financial education programmes -2. Existing literature: Some difficulties in evaluating financial education programmes -3. A five-tier evaluation framework -4. Implementation of the five-tier framework -5. Analysis of the five tiers -6. Recommendations -7. Conclusions PART II. BEHAVIOURAL ECONOMICS AND FINANCIAL EDUCATION Chapter 3. Can behavioural economics be used to make financial education more effective? by Joanne Young -1. Introduction -2. Background and context -3. Behavioural economics and personal finance -4. Applying behavioural economics to financial education -5. Behaviourally-motivated approaches to other policy instruments -6. Conclusions Chapter 4. Can economic psychology and behavioural economics help improve financial education? by Vera Rita De Mello Ferreira -1. Education, mind and behaviour - Where we stand -2. Economic psychology or behavioural economics - Is there a difference? -3. A list of heuristics by Peter Earl -4. Financial Education and economic psychology - A promising dialogue -5. Conclusions PART III. IMPORTANCE OF FINANCIAL EDUCATION IN THE CONTEXT OF DEFINED CONTRIBUTION PENSION PLANS Chapter 5. Financial literacy and the shift from defined benefit to defined contribution pension plans by Annamaria Lusardi -1. Introduction -2. Financial literacy -3. Financial education -4. Increasing the effectiveness of financial education programmes -5. Automatic enrolment into pensions -6. Combining automatic enrolment and financial education Chapter 6. Auto-enrolment in private, supplementary pensions in Italy by Ambrogio Rinaldi -1. Introduction -2. Historical background -3. Nation-wide auto-enrolment: "The TFR reform" -4. The results -5. Explaining the results -6. Some evidence on financial literacy and pension awareness among Italian workers -7. Conclusions