Financial Education: Institutes of Higher Education as delivery channels
AbstractThe significance of financial education as a transformation agent in the financial inclusion agenda of the nation is undisputed in academic as well as practitioner’s circle. This paper discusses its impact on the financial well being of the people and further highlights the steps taken by various stakeholders to provide financial education with an objective of increasing the understanding of consumers about financial services. Even so, these interventions have got result which is less than desired. Given the gigantic task of providing financial education to a large section of a populous country like India, there is a need for committed participation of each stakeholder and a sustainable action plan in place. Through this paper, the authors argue that engaging institutes of higher education in the financial education drive will be a sustainable and cost effective strategy.
Download InfoIf 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.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 43336.
Date of creation: 28 Nov 2012
Date of revision:
Financial Education; Higher education Institutes; Financial Inclusion;
Find related papers by JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-01-07 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Annamaria Lusardi, 2008. "Financial Literacy: An Essential Tool for Informed Consumer Choice?," NBER Working Papers 14084, National Bureau of Economic Research, Inc.
- Annamaria Lusardi, 2008. "Financial Literacy: An Essential Tool for Informed Consumer Choice?," NFI Working Papers 2008-WP-13, Indiana State University, Scott College of Business, Networks Financial Institute.
- Lewis Mandell, 2006. "Financial Literacy: If Itâ€™s So Important, Why Isnâ€™t It Improving?," NFI Policy Briefs 2006-PB-08, Indiana State University, Scott College of Business, Networks Financial Institute.
- Bruce Ian Carlin & David T. Robinson, 2012.
"What Does Financial Literacy Training Teach Us?,"
The Journal of Economic Education, Taylor & Francis Journals,
Taylor & Francis Journals, vol. 43(3), pages 235-247, July.
- Lusardi, Annamaria, 2008. "Financial literacy: An essential tool for informed consumer choice?," CFS Working Paper Series 2008/19, Center for Financial Studies (CFS).
- Shawn Cole & Thomas Sampson & Bilal Zia, 2011. "Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?," Journal of Finance, American Finance Association, American Finance Association, vol. 66(6), pages 1933-1967, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.