Financial literacy is a crucial skill for personal wealth management and economic well-being. Hence, it is important to evaluate the impact of interventions aimed at increasing financial knowledge and confidence in the most vulnerable groups of the society. We conduct an impact evaluation of a two-hour lecture targeting the elderly population. We find that the intervention does not have a significant impact on knowledge but has a significant effect on confidence and (partly) on overconfidence.

Promoting Financial Literacy among the Elderly: Consequences on Confidence

Alessandro Bucciol
;
Simone Quercia;
2021

Abstract

Financial literacy is a crucial skill for personal wealth management and economic well-being. Hence, it is important to evaluate the impact of interventions aimed at increasing financial knowledge and confidence in the most vulnerable groups of the society. We conduct an impact evaluation of a two-hour lecture targeting the elderly population. We find that the intervention does not have a significant impact on knowledge but has a significant effect on confidence and (partly) on overconfidence.
Financial literacy, Knowledge, Confidence, Overconfidence
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11562/1047144
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social impact