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100 _aLusardi, Annamaria and Mitchell, Olivia S.
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245 _aThe importance of financial literacy: Opening a new field
260 _aThe Journal of Economic Perspectives
300 _a37(4), Full, 2023: p.137-154
520 _aWe undertake an assessment of our two decades of research on financial literacy, building on our empirical research and theoretical work casting financial knowledge as a form of investment in human capital. We also draw on recent data to determine who is the most—and least—financially savvy in the United States, and we highlight the similarity of our results in other countries. A number of convincing studies is now available, from which we draw conclusions about the effects and consequences of financial illiteracy, and what can be done to fill these gaps. We conclude by offering our thoughts on implications for teaching, policy, and future research. – Reproduced https://www.aeaweb.org/articles?id=10.1257/jep.37.4.137
773 _aThe Journal of Economic Perspectives
906 _aFINANCIAL LITERACY
942 _cAR