This paper reviews what we have learned over the past decade about financial literacy and
its relationship to financial decision-making around the world. Using three questions, we …

This chapter surveys work in behavioral public economics, emphasizing the normative
implications of non-standard decision making for the design of welfare-improving and/or …

We 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 …

Throughout their lifetime, individuals today are more responsible for their personal finances
than ever before. With life expectancies rising, pension and social welfare systems are being …

In a meta-analysis of 126 impact evaluation studies, we find that financial education
significantly impacts financial behavior and, to an even larger extent, financial literacy …

We study the literature on school financial education programs for children and youth via a
quantitative meta-analysis of 37 (quasi-) experiments. We find that financial education …

We developed and experimentally evaluated four novel educational programs delivered
online: an informational brochure, a visual interactive tool, a written narrative, and a video …

We assess the ability of GPT–a large language model–to serve as a financial robo-advisor
for the masses, by using a financial literacy test. Davinci and ChatGPT based on GPT-3.5 …

Retirement investing in the United States has changed dramatically. The classic pension
plan, also known as a defined benefit plan, in which an employer paid a retired employee a …

Community college students report higher financial challenges while in college and
experience higher default rates on their student loans when compared to students at 4-year …