Table of Contents

1: Annamaria Lusardi and Olivia S. Mitchell: The Outlook for Financial Literacy
Part I. Financial Literacy and Financial Decision Making
2: Annamaria Lusardi and Olivia S. Mitchell: Financial Literacy and Planning: Implications for Retirement Wellbeing
3: Robert L. Clark, Melinda S. Morrill, and Steven G. Allen: Pension Plan Distributions: The Importance of Financial Literacy
4: Stephen P. Utkus and Jean A. Young: Financial Literacy and 401(k) Loans
5: Joanne Yoong: Financial Illiteracy and Stock Market Participation: Evidence from the RAND American
Life Panel
Part II. Evaluating Financial Literacy Interventions
6: Justine Hastings, Olivia S. Mitchell, and Eric Chyn: Fees, Framing, and Financial Literacy in the Choice of Pension Manager
7: Angela A. Hung, Noreen Clancy, and Jeff Dominitz: Investor Knowledge and Experience with Investment Advisers and Broker-Dealers
8: Susan P. Carter, Paige M. Skiba, and Jeremy Tobacman: Pecuniary Mistakes? Payday Borrowing by Credit Union Members
9: Julie Agnew and Lisa Szykman: Annuities, Financial Literacy and Information Overload
Part III. Shaping the Financial Literacy Environment
10: Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, and Douglas D. Evanoff: Financial Counseling, Financial Literacy, and Household Decision Making
11: Gal Zauberman and B. Kyu Kim: Time Perception and Retirement Saving: Lessons from Behavioral Decision Research
12: Melissa S. Kearney, Peter Tufano, Jonathan Guryan, and Erik Hurst: Making Savers Winners: An Overview of Prize-Linked Saving Products
13: Diana Crossan: How to Improve Financial Literacy: Some Successful Strategies
14: Robert Holzmann: Bringing Financial Literacy and Education to Low and Middle Income Countries
15: J. Michael Collins: Improving Financial Literacy: The Role of Nonprofit Providers

About the Author

Olivia S. Mitchell's main areas of interest are private and public insurance, risk management, public finance, labour markets, compensation, and pensions with both a US and an international focus. She is a Research Associate of the NBER and she earned her Ph.D. in Economics from the University of Wisconsin-Madison.
Annamaria Lusardi has taught at Dartmouth College, Princeton University, and the University of Chicago's Harris School of Public Policy and Booth School of Business. She is the Director of the new Financial Literacy Center, a joint consortium with the Rand Corporation, Dartmouth College, and the Wharton School of the University of Pennsylvania, with the support of the Social Security Administration. She received her Ph.D. in Economics from Princeton University.

Reviews

Financial Literacy offers a comprehensive journey across the current state of understanding of financial education and its impact on financial behaviours. It provides a useful survey of the field and will give any financial practitioner or policy-maker reasons and methods to think about the human consequences of their designs and actions.
*Jeremy Duffield, Journal of Pension Economics and Finance*