The effects of financial education in the workplace: evidence from a survey of households

By B. Douglas Bernheim, Daniel M. Garrett. 2003

690 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/75756d1fd236d7d58d75bc0fd8affeb4272825d6

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Citations in the corpus

Heuristics and Biases in Retirement Savings Behavior (2007, neutral): “The most optimistic results for how education can improve saving are found by Bernheim and Garrett (2003) and Bernheim et al. (2001). They use cross-sectional surveys of individuals from the population, rather than the employees in a specific company.”
Financial literacy: A systematic review and bibliometric analysis (2020, positive): “…discussing the impact of financial education on school students through role-play as adults (Carlin & Robinson, 2012) or seminars at the workplace (Bernheim & Garrett, 2003) or gender-centric issues in financial literacy (Fonseca et al., 2012), thus contributing to the rest of the quality papers.”
Effect of Personal Financial Knowledge on College Students’ Credit Card Behavior (2009, background): “In the workplace, there is evidence that targeted instruction, such as retirement planning education, has a significant influence on financial behavior (Todd, 2002; Bernheim & Garrett, 2003).”
Impact of Financial Literacy and Investment Experience on Risk Tolerance and Investment Decisions: Empirical Evidence from Pakistan (2016, background): “(Bernheim and Garrett, 2003) said that those people save more who got qualification in high school or in the workplace.”
Awareness and Stock Market Participation (2005, background): “2 Limited financial market participation and changes in participation over time are relevant for many other important issues, such as the distribution of wealth (Guvenen, 2005), household choices regarding individual retirement accounts ( Bernheim and Garrett, 2003 ), and wealth effects on consumpti”
Saving and the Effectiveness of Financial Education (2003, methodology): “Furthermore, as reported by Bernheim and Garrett (2003), retirement education is often remedial and thus offered in firms where workers do very little savings.”
Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets (2018, positive): “4 In addition, understanding the determinants of stock market investment also provides insight into the determinants of the distribution of wealth (Guvenen 2006), ownership of individual retirement accounts (Bernheim and Garrett 2003), and wealth effects on consumption (Dynan and Maki 2001). 5 Cocco”
Translating Financial Education into Behavior Change for Low-Income Populations (2013, neutral): “This result was consistent with existing findings from evaluations of employerprovided financial education programs (Bayer et al., 1996; Bernheim & Garrett, 2003).”
Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education (2007, neutral): “As shown in Table 3, the 2 See, among others, McCarthy and Turner (2000), Bernheim (1995, 1998), Bayer, Bernheim and Scholz (1996), Clark and Schieber (1998), Muller (2003), Clark and D’Ambrosio (2002 2003), Clark, D’Ambrosio, McDermed and Sawant (2003) and Bernheim and Garrett (2003).”
How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness (2009, background): “People who cannot correctly 18Our work extends the ¯ndings derived by Bernheim et al. (2001) and Bernheim and Garrett (2003) using more specialized datasets.”