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Framework for the Development of Financial Literacy Baseline Surveys: A First International Comparative Analysis

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  • Elaine Kempson
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    Abstract

    There is growing concern, across a wide range of countries, about the levels of financial capability of consumers. A large number of initiatives are therefore being developed to address this issue; and countries are increasingly rolling out national strategies on financial capability. To do this effectively requires evidence on the areas where financial capability in the population is low and an identification of the extent to which these should be addressed by financial education and/or consumer protection measures. Yet there is remarkably little robust information in this area and none that is comparable across countries. This report is aimed at informing the work of the OECD International Network on Financial Education (INFE) in this field, by 1) elaborating a set of draft good practice guidelines for the design of national financial literacy surveys and; 2) proposing guidelines for the design of a core set of good practice questions for embedding within any national surveys aimed at measuring financial literacy levels. Cadre pour le développement des connaissances financières à un niveau international : Première étude comparative internationale De nombreux pays s‘inquiètent de plus en plus des niveaux de compétences financières des consommateurs. Un grand nombre d‘initiatives sont mises en place pour augmenter les niveaux de connaissances financières et les pays se sont attelés à ces enjeux et ont commencé à développer des stratégies nationales en matière de capacité financière. Pour que cette démarche soit efficace, il faut recueillir des données dans les domaines où les connaissances financière de la population sont faibles et identifier jusqu‘à quel point des mesures en matière d‘éducation financière et/ou de protection des consommateurs peuvent aborder ces difficultés. Or, il existe extrêmement peu d‘information solide dans ce domaine et elle ne s‘avère pas comparable entre les pays. Le but de ce rapport est d‘informer sur les travaux que mène le réseau international sur l‘éducation financière de l‘OCDE (INFE) sur cette question à travers 1) l‘élaboration d‘un projet de bonnes pratiques pour la conception d‘enquêtes nationales sur les niveaux de capacité financière ; et 2) la proposition de lignes directrices pour l‘établissement d‘un ensemble de questions fondamentales de base à intégrer dans toute enquête nationale visant à mesurer le niveau de compétence financière des consommateurs, s‘appuyant sur des bonnes pratiques en la matière.

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    File URL: http://dx.doi.org/10.1787/5kmddpz7m9zq-en
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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Working Papers on Finance, Insurance and Private Pensions with number 1.

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    Date of creation: Dec 2009
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    Handle: RePEc:oec:dafaad:1-en

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    Keywords: budgets; spending; saving; financial planning; financial literacy survey; consumer protection; financial literacy; financial capability; financial education; capacité financière; dépenses; connaissance financière; enquête des connaissances financières; protection des consommateurs; éducation financière; planification financière; épargne; budget;

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    Cited by:
    1. M. A. Milioli & L. Poletti & B. Ronchini, 2011. "L’educazione finanziaria degli studenti universitari: misurazione e analisi delle determinanti," Economics Department Working Papers 2011-EF01, Department of Economics, Parma University (Italy).

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