Advanced Search
MyIDEAS: Login

Financial Education, Savings and Investments: An Overview

Contents:

Author Info

  • Sue Lewis
  • Flore-Anne Messy
Registered author(s):

    Abstract

    Savings and investments by individuals are important both for personal financial well-being and for economic growth. Many governments try to encourage their citizens to save more, or to save more appropriately, by preferring formal institutions to informal saving and by promoting more diversification. However, there are considerable barriers to saving, including limited access to financial markets by some groups, complexity of financial products and information asymmetries. Knowledge and understanding of saving and investment concepts is particularly low in many countries. In addition, there are behavioural and cultural factors which may limit people’s propensity to save. As a consequence, policy makers have developed several strategies to influence whether and how individuals save. Policy responses typically involve a combination of prudential regulation and consumer protection legislation, financial incentives, financial education and awareness initiatives, as well as behavioural techniques to encourage people into sound saving decisions. Education financière, épargne et investissement : Vue d'ensemble L’épargne et les investissements des particuliers sont importants, à la fois pour le bien-être financier personnel et pour la croissance économique. De nombreux pays s’efforcent d’encourager leurs citoyens à épargner davantage ou mieux, en préconisant des structures officielles plutôt qu’une épargne informelle et en favorisant une plus grande diversification. Il existe toutefois des obstacles considérables à l’épargne, notamment l’accès limité de certains groupes aux marchés financiers, la complexité des produits financiers et les asymétries d’information. La connaissance et la compréhension des notions d’épargne et d’investissement sont particulièrement faibles dans de nombreux pays. En outre, des facteurs comportementaux et culturels peuvent limiter la propension des ménages à épargner. Par conséquent, les responsables publiques élaborent diverses stratégies visant à influer sur l’épargne des particuliers. Les mesures prises associent en général réglementation prudentielle et législation en matière de protection des consommateurs, de même que des incitations financières, des programmes d’éducation financière et de sensibilisation, et des techniques comportementales encourageant les particuliers à prendre des décisions appropriées en matière d’épargne.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://dx.doi.org/10.1787/5k94gxrw760v-en
    Download Restriction: no

    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Working Papers on Finance, Insurance and Private Pensions with number 22.

    as in new window
    Length:
    Date of creation: Jul 2012
    Date of revision:
    Handle: RePEc:oec:dafaad:22-en

    Contact details of provider:
    Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
    Phone: 33-(0)-1-45 24 82 00
    Fax: 33-(0)-1-45 24 85 00
    Email:
    Web page: http://www.oecd.org
    More information through EDIRC

    Related research

    Keywords: investment; saving; financial literacy; consumer protection; financial education; connaissance financière; protection des consommateurs; épargne; éducation financière; investissement;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:oec:dafaad:22-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.