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The impact of undergraduate personal finance education on individual financial literacy, attitudes and intentions

The impact of undergraduate personal finance education on individual financial literacy,... Financial literacy education features prominently among the policy options available to improve personal financial decision‐making. Notwithstanding calls to expand delivery of financial literacy units at university level, such offerings are relatively rare with little evaluation. We provide an evaluation of the impact on financial literacy, financial attitudes and financial behaviour intentions of a semester unit in personal finance delivered to undergraduates at an Australian university, carefully controlling for confounding effects in the analysis. We report increases in objective and subjective financial literacy and an additional gender effect. Contrary to previous speculation, we do not find overconfidence as an associated outcome. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

The impact of undergraduate personal finance education on individual financial literacy, attitudes and intentions

Accounting & Finance , Volume 59 (1) – Mar 1, 2019

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References (50)

Publisher
Wiley
Copyright
"Accounting and Finance © 2019 AFAANZ"
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/acfi.12247
Publisher site
See Article on Publisher Site

Abstract

Financial literacy education features prominently among the policy options available to improve personal financial decision‐making. Notwithstanding calls to expand delivery of financial literacy units at university level, such offerings are relatively rare with little evaluation. We provide an evaluation of the impact on financial literacy, financial attitudes and financial behaviour intentions of a semester unit in personal finance delivered to undergraduates at an Australian university, carefully controlling for confounding effects in the analysis. We report increases in objective and subjective financial literacy and an additional gender effect. Contrary to previous speculation, we do not find overconfidence as an associated outcome.

Journal

Accounting & FinanceWiley

Published: Mar 1, 2019

Keywords: ; ; ; ;

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