{"id":7990,"date":"2023-07-23T08:02:46","date_gmt":"2023-07-23T12:02:46","guid":{"rendered":"https:\/\/creei.ca\/using-a-life-cycle-model-to-evaluate-financial-literacy-program-effectiveness\/"},"modified":"2023-11-24T11:02:11","modified_gmt":"2023-11-24T16:02:11","slug":"life-cycle-model-financial-literacy","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/life-cycle-model-financial-literacy\/","title":{"rendered":"Using a Life Cycle Model to Evaluate Financial Literacy Program Effectiveness*"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><article class=\"node-328 node node-publications node-promoted view-mode-full clearfix\">\n<header><\/header>\n<div class=\"field field-name-body field-type-text-with-summary field-label-above\">\n<div class=\"field-label\">Short Summary:<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>We investigate how financial education programs optimally shape key economic outcomes: wealth accumulation, financial knowledge, and participation in sophisticated assets (e.g. stocks). We then find that the more effective programs provide follow-up in order to sustain the knowledge acquired by employees via the programs; this follow-up can raise the value of savings at retirement by close to 10%. By contrast, one-time education programs produce short-term effects but few long-term ones.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-field-auteurs-publication field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Publication Authors: Annamaria Lusardi, Pierre-Carl Michaud and Olivia S. Mitchell<\/div>\n<\/div>\n<div class=\"field field-name-field-num-ro field-type-text field-label-inline clearfix\">\n<div class=\"field-label\">Number: 15-05<\/div>\n<\/div>\n<div class=\"field field-name-field-fichier field-type-file field-label-inline clearfix\">\n<div class=\"field-label\">File: <img decoding=\"async\" class=\"file-icon\" title=\"application\/pdf\" src=\"https:\/\/creei.ca\/wp-content\/uploads\/2019\/07\/application-pdf.png\" alt=\"PDF icon\" \/> <a href=\"https:\/\/creei.ca\/wp-content\/uploads\/2019\/08\/cahier_15-05_usingalife_cycle_model.pdf\" type=\"application\/pdf; length=580692\">cahier_15-05_usingalife_cycle_model.pdf<\/a><\/div>\n<\/div>\n<div class=\"field field-name-field-ann-e field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Year: <a href=\"\/fr\/ann%C3%A9es\/2015\">2015<\/a><\/div>\n<\/div>\n<p><!-- THIS FILE IS NOT USED AND IS HERE AS A STARTING POINT FOR CUSTOMIZATION ONLY. See http:\/\/api.drupal.org\/api\/function\/theme_field\/7 for details. After copying this file to your theme's folder and customizing it, remove this HTML comment. --><\/p>\n<div class=\"field field-name-field-article-scientifique field-type-text field-label-inline clearfix asdf\">\n<div class=\"field-label\">Scientific Article: <a href=\"http:\/\/www.journals.uchicago.edu\/doi\/10.1086\/690950\" target=\"_blank\" rel=\"noopener noreferrer\">Journal of Political Economy, 125(2), 431\u2013477. doi:10.1086\/690950.<\/a><\/div>\n<\/div>\n<\/article>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7990","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/7990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/comments?post=7990"}],"version-history":[{"count":1,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/7990\/revisions"}],"predecessor-version":[{"id":8348,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/7990\/revisions\/8348"}],"wp:attachment":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/media?parent=7990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}