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


  • Elaine Kempson

    (University of Bristol)


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.

Suggested Citation

  • Elaine Kempson, 2009. "Framework for the Development of Financial Literacy Baseline Surveys: A First International Comparative Analysis," OECD Working Papers on Finance, Insurance and Private Pensions 1, OECD Publishing.
  • Handle: RePEc:oec:dafaad:1-en
    DOI: 10.1787/5kmddpz7m9zq-en

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    Cited by:

    1. Irina Kunovskaya & Brenda Cude & Natalia Alexeev, 2014. "Evaluation of a Financial Literacy Test Using Classical Test Theory and Item Response Theory," Journal of Family and Economic Issues, Springer, vol. 35(4), pages 516-531, December.
    2. De Manuel, Mirzha & Valiante, Diego, 2014. "A Life Cycle Approach to Investor Protection," ECMI Papers 9619, Centre for European Policy Studies.
    3. 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).

    More about this item


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

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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