The Relationship Between Financial Education in Young Adults and Financial Literacy: A Review of the Literature in Canada and the United States*

IF 1.6 Q3 BUSINESS, FINANCE
Folasade Adesina, Carla Carnaghan, James Smith
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引用次数: 0

Abstract

Professional accounting bodies in Canada and the United States, and throughout the world, have funded programs to improve financial literacy for many years. This ongoing interest stems from the expected benefits of improved financial behavior for individuals, society, and financial markets. However, the fact that relatively little research on financial literacy has been published in accounting journals suggests that few accounting academics are aware of, interested in, or motivated to work on the topic. This review helps to identify what we know about the effectiveness of financial education programs intended specifically for young adults, who constitute the demographic group likely to gain the most from improved financial literacy. Our review identifies factors that impinge both on the effectiveness of financial education programs and the research examining these programs. Noteworthy factors include (1) a lack of theoretical frameworks to guide the programs and research on the programs, (2) a tendency for outcome measures to capture financial knowledge rather than financial behaviors, and (3) the need for stronger research designs. We also note some possible instructional design considerations in developing financial education programs and highlight financial literacy as a promising area of research for accounting academics. Our findings can help guide improvements to financial education programs and encourage further research to assess the effectiveness of financial literacy programs.
青少年金融教育与金融知识之间的关系:加拿大和美国的文献综述*
加拿大和美国以及世界各地的专业会计机构多年来一直在资助提高金融素养的计划。这种持续的关注源于改善金融行为对个人、社会和金融市场的预期好处。然而,在会计期刊上发表的有关金融素养的研究相对较少,这表明很少有会计学者意识到、关注或有动力去研究这一课题。本综述有助于确定我们所了解的专门针对年轻成年人的金融教育计划的有效性,而年轻成年人正是可能从金融素养提升中获益最多的人口群体。我们的综述指出了影响理财教育计划有效性和研究这些计划的因素。值得注意的因素包括:(1) 缺乏指导项目和项目研究的理论框架;(2) 衡量结果的指标倾向于金融知识而非金融行为;(3) 需要更有力的研究设计。我们还注意到在开发金融教育项目时可能需要考虑的一些教学设计因素,并强调金融知识是会计学术界一个很有前景的研究领域。我们的研究结果有助于指导金融教育项目的改进,并鼓励进一步研究以评估金融扫盲项目的有效性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Accounting Perspectives
Accounting Perspectives BUSINESS, FINANCE-
CiteScore
2.60
自引率
0.00%
发文量
30
期刊介绍: Accounting Perspectives provides a forum for peer-reviewed applied research, analysis, synthesis and commentary on issues of interest to academics, practitioners, financial analysts, financial executives, regulators, accounting policy makers and accounting students. Articles are sought from academics and practitioners that address relevant issues in any and all areas of accounting and related fields, including financial accounting and reporting, auditing and other assurance services, management accounting and performance measurement, information systems and related technologies, tax policy and practice, professional ethics, accounting education, and related topics. Without limiting the generality of the foregoing.
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