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Making Financial Education More Effective: …

Making Financial Education more effective : Lessons From Behavioral Economics Joanne Yoong Prepared for the OECD-Bank of Italy International Symposium on Financial Literacy June 2010 Overview Project background and objective Selective substantive review Financial Education in the OECD and beyond Behavioral economics and personal finance Applying behavioral economics to Financial Education Takeup and completion Content, delivery and retention Achieving and sustaining behavior change Other behaviorally-motivated approaches Product design to promote healthy Financial choices Disclosures and regulation to prevent poor decision Making Concluding remarks: moving forward through complementarity Project Background and Objective Awareness of the need for individual Financial capability is gr

Making Financial Education More Effective: Lessons From Behavioral Economics Joanne Yoong Prepared for the OECD-Bank of Italy International

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