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Challenges in assessing the effectiveness of financial education programs: The Colombian case

dc.contributor.authorAlvarez Franco, Pilar Beatriz
dc.contributor.authorMuñoz Murillo, Ana Melisa
dc.contributor.authorRestrepo Tobón, Diego Alexander
dc.date.accessioned2020-04-15T18:02:49Z
dc.date.available2020-04-15T18:02:49Z
dc.date.created2017-09-28
dc.description.abstractFinancial Education Programs –FEP– enjoy widespread governmental and private support and are considered essential tools for improving financial literacy, encouraging financial inclusion, and increasing consumer financial protection. Therefore, assessing their effectiveness is critical to guarantee that public and private resources are allocated wisely. The available empirical literature casts serious doubts on the effectiveness of FEP in achieving their objectives. Even properly designed –from an impact evaluation viewpoint– FEP fail to deliver long-run effects on individuals’ financial literacy or financial outcomes. We highlight the challenges to evaluate the impact of FEP. We showcase the international experiencein assessing the effectiveness of these programs and offer a set of recommendations regarding the attributes that FEP should have to allow serious policy evaluation.spa
dc.formatPDFspa
dc.format.mimetypeapplication/pdfspa
dc.identifierhttp://revistas.javeriana.edu.co/index.php/cuadernos_admon/article/view/14374
dc.identifier10.11144/Javeriana.cao30-54.caef
dc.identifier.issn1900-7205
dc.identifier.issn0120-3592
dc.identifier.urihttp://hdl.handle.net/10554/23570
dc.language.isoeng
dc.publisherPontificia Universidad Javerianaspa
dc.relation.citationissueCuadernos de Administración; Vol 30 No 54 (2017); 155 - 180eng
dc.relation.citationissueCuadernos de Administración; Vol. 30 Núm. 54 (2017); 155 - 180spa
dc.relation.citationissueCuadernos de Administración; v. 30 n. 54 (2017); 155 - 180por
dc.relation.urihttp://revistas.javeriana.edu.co/index.php/cuadernos_admon/article/view/14374/16917
dc.rightsDerechos de autor 2017 Cuadernos de Administraciónspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.rights.coarhttp://purl.org/coar/access_right/c_abf2spa
dc.rights.licenceAtribución-NoComercial-SinDerivadas 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0spa
dc.titleChallenges in assessing the effectiveness of financial education programs: The Colombian casespa
dc.type.coarhttp://purl.org/coar/resource_type/c_6501
dc.type.driverinfo:eu-repo/semantics/article
dc.type.hasversionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.localArtículo de revistaspa
dc.type.otherArtículo revisado por pares

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