Against Financial Literacy Education

By Lauren E. Willis. 2008

402 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/646c35d146256ca4ebc98ed749325d450583eb3e

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Citations in the corpus

Financial Literacy and the Demand for Financial Advice (2015, unknown): “Moreover, it is important to disentangle selfassessed and test-based financial literacy also because initiatives aiming at improving financial literacy may have the side-effect of raising self-confidence without improving ability, leading to worse decisions (Willis, 2008).”
Financial Literacy and Emergency Saving (2014, background): “Some researchers have questioned the importance of financial education, claiming that the effectiveness of education programs is not well supported (Willis 2008).”
Household over-indebtedness - Definition and measurement with Italian data (2013, unknown): “7 A recent critique of financial education public programs can be found in Willis (2008).”
FINANCIAL LITERACY, FINANCIAL EDUCATION AND ECONOMIC OUTCOMES (2012, unknown): “F or p er so na l u se o nl y. research demonstrates positive effects support other policy options (Willis 2008, 2009, 2011).”
Financial literacy, financial advice, and financial behavior (2017, background): “Third, she suspects financial education to weaken the position of consumers as related initiatives might come along with a ‘‘regulation-through-education model’’ which blames individuals for bad financial outcomes and thus prevents effective market regulation (Willis 2008).”
The Effectiveness of Youth Financial Education: A Review of the Literature (2008, background): “Willis (2008) and Gross (2005) both identified a “blame the victim” subtext in financial education.”
Financial Knowledge and Credit Card Behavior of College Students (2011, background): “making, combined with research regarding heuristics, biases, and emotional coping mechanisms, some researchers have suggested that further education will be largely ineffective at improving personal financial behavior (Willis 2008).”
Consumer financial education and financial capability (2016, background): “Willis (2008) reviewed the financial literacy literature and concluded that government should pay more attention to consumer protection instead of consumer financial literacy education since consumers are less likely to be their own financial experts.”
The Economic Importance of Financial Literacy: Theory and Evidence (2014, unknown): “For example, unobservables such as discount rates (Meier and Sprenger 2008), IQ (Grinblatt, Keloharju, and Linnainmaa 2011), or cognitive abilities could influence saving decisions and portfolio choice (Delavande, Rohwedder, and Willis 2008; Korniotis and Kumar 2011).”
Economic Literacy: An International Comparison (2010, unknown): “(2008) and Willis (2009) suggest that the incentives to acquire financial knowledge depend on the level of private resources: while increased knowledge raises the expected return from each dollar invested, the total value of the investment depends on the number of dollars to which the improved retur”
Coproduction of Transformative Services as a Pathway to Improved Consumer Well-Being (2015, background): “Against this background, the idea that involvement helps compensate for low financial literacy is encouraging because consumers’ involvement can likely be influenced more effectively and efficiently than their financial literacy (Willis 2008), as we illustrate subsequently.”
The Relationship Between Personal Financial Wellness and Financial Wellbeing: A Structural Equation Modelling Approach (2013, background): “…paul.gerrans@uwa.edu.au C. Speelman G. Campitelli School of Psychology and Social Science, Edith Cowan University, Joondalup, WA, Australia 1 Willis (2008) notes the first US conference in 1934 on consumer education. wellbeing because financial wellbeing has been variously defined with a…”