What works in financial education? Experimental evidence on program impact

García, Gonzalo Llamosas and Mazas Pérez-Oleaga, Cristina UNSPECIFIED, cristina.mazas@uneatlantico.es (2025) What works in financial education? Experimental evidence on program impact. Journal of Behavioral and Experimental Economics. p. 102401.

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Abstract

Financial education is increasingly essential for safeguarding both individual and corporate well-being. This study systematically reviews global financial education experiments using a dual-method framework that integrates a deep learning classifier with advanced multivariate statistical techniques. Our analysis indicates that while short-term improvements in financial literacy are common, such gains tend to diminish over time without ongoing reinforcement. Moreover, the limited impact of digital innovations and monetary incentives suggests that successful financial education depends on more than simply deploying technological solutions or extrinsic rewards. Overall, this review provides valuable insights into the evolving landscape of financial education in a dynamic economic context and underscores the need for sustainable strategies that secure lasting improvements in financial literacy.

Item Type:	Article
Uncontrolled Keywords:	Financial education; Systematic literature review; Quantitative analysis; Literature review; Experimental studies; Financial literacy
Subjects:	Subjects > Teaching
Divisions:	Europe University of Atlantic > Research > Scientific Production
Depositing User:	Sr Bibliotecario
Date Deposited:	22 Jul 2025 06:35
Last Modified:	22 Jul 2025 06:35
URI:	http://repositorio.funiber.org/id/eprint/17819

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