NBER

Lewis Glinert

Department of Asian & Middle Eastern
Languages and Literatures
Dartmouth College
Hanover, NH 03755

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Dartmouth College

NBER Working Papers and Publications

June 2014Visual Tools and Narratives: New Ways to Improve Financial Literacy
with Annamaria Lusardi, Anya Savikhin Samek, Arie Kapteyn, Angela Hung, Aileen Heinberg: w20229
We developed and experimentally evaluated four novel educational programs delivered online: an informational brochure, a visual interactive tool, a written narrative, and a video narrative. The programs were designed to inform people about risk diversification, an essential concept for financial decision- making. The effectiveness of these programs was evaluated using the RAND American Life Panel. Participants were exposed to one of the programs, and then asked to answer questions measuring financial literacy and self-efficacy. All of the programs were found to be effective at increasing self-efficacy, and several improved financial literacy, providing new evidence for the value of programs designed to help individuals make financial decisions. The video was more effective at improving fin...

Published: Lusardi, Annamaria & Samek, Anya & Kapteyn, Arie & Glinert, Lewis & Hung, Angela & Heinberg, Aileen, 2017. "Visual tools and narratives: new ways to improve financial literacy," Journal of Pension Economics and Finance, Cambridge University Press, vol. 16(03), pages 297-323, July. citation courtesy of

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