ArticleJournal of economic literature2014
The Economic Importance of Financial Literacy: Theory and Evidence.
Article in Journal of economic literature, 2014. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 155 papers, 3 of them syntheses that pooled it.
What it found
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Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Who cites it
155 citing papers in PubMed, 3 syntheses or guidelines pooled it.
- Financial Literacy Skills Instruction Among Autistic Individuals: A Systematic Review.Journal of autism and developmental disorders · 2026Pooled it
- Financial Literacy and Economic Attitudes as Protective Factors Against Pathological Gambling? A Systematic Review.Journal of gambling studies · 2025Pooled it
- Mapping the knowledge domain of financial decision making: A scientometric and bibliometric study.Frontiers in psychology · 2022Pooled it
- I CAN-B Money Savvy! Teaching Adults with Intellectual and Developmental Disabilities to Make Purchasing Decisions Online.Journal of autism and developmental disorders · 2026Article
- Financial Literacy and Financial Toxicity Among US Veterans: Cross-Sectional Survey Informing Public Health Informatics Screening.Online journal of public health informatics · 2026Article
- Financial Decision-Making, Financial Literacy, and Cognitive Function: Evidence From the PATH Through Life Study.International journal of geriatric psychiatry · 2026Article
- Psychological distress, financial literacy, loneliness, and coping in relation to financial difficulties: a cross-sectional study in Sweden.BMC public health · 2026Article
- Financial Knowledge or Managerial Competence? Disentangling Financial Literacy and Liquidity Constraints for Processing Continuity and Food Security in the Turkish Tea Industry.Foods (Basel, Switzerland) · 2026Article
- PROTOCOL: Financial Literacy Programmes for the Ageing Population: An Evidence and Gap Map.Campbell systematic reviews · 2026Article
- Financial literacy and psychological vulnerability to financial exploitation: the roles of financial anxiety, self-confidence, and behavior.BMC psychology · 2026Article
- APOE ε4 and Decline in Health and Financial Literacy in Advanced Age.Journal of the American Geriatrics Society · 2026Article
- The adoption and efficacy of large language models in US consumer financial complaints.Nature human behaviour · 2026Article
- Large language models have the potential to level the playing field in consumer financial complaints.Nature human behaviour · 2026Article
- An AI-powered research assistant in the lab: A practical guide for text analysis through iterative collaboration with LLMs.Behavior research methods · 2026Article
- No Loan Comes Without a Price: Financial Literacy, Mental Health, and Consumer Loan Use Among Young Adults in Sweden.Behavioral sciences (Basel, Switzerland) · 2026Article
- A multidimensional procurement literacy instrument: Development and validation among undergraduate procurement students in Ghana.PloS one · 2026Article
- Digitalization and financial inclusion among women-led micro and small enterprises in Indonesia: an empirical perspective.Frontiers in sociology · 2026Article
- Latent dimensions of financial behaviour derived by principal component and factor analysis.Journal of financial services marketing · 2026Article
- The mediating role of financial behavior in the relationship between psychological capital and financial wellbeing: evidence from a cross-sectional study in China.Frontiers in psychology · 2026Article
- Psychological mechanisms linking a financial-literacy curriculum to scenario-based financial decision quality: a cluster randomized trial of financial self-efficacy and future-orientation in Chinese vocational students.Frontiers in psychology · 2026Article
95 more citing papers are in PubMed but not listed here.
Corrections and comments
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Authors and funding
2 authors.
Funding
Abstract
This paper undertakes an assessment of a rapidly growing body of economic research on financial literacy. We start with an overview of theoretical research which casts financial knowledge as a form of investment in human capital. Endogenizing financial knowledge has important implications for welfare as well as policies intended to enhance levels of financial knowledge in the larger population. Next, we draw on recent surveys to establish how much (or how little) people know and identify the least financially savvy population subgroups. This is followed by an examination of the impact of financial literacy on economic decision-making in the United States and elsewhere. While the literature is still young, conclusions may be drawn about the effects and consequences of financial illiteracy and what works to remedy these gaps. A final section offers thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.