Framework for the development of financial literacy baseline surveys
Authors: Professor Elaine Kempson
Funded by: Organisation for Economic Cooperation and Development (OECD)
Published by: Organisation for Economic Cooperation and Development (OECD)
Publication date: December 2009
Report number:OECD Working Papers on Finance, Insurance and Private Pensions No. 1
To do this effectively requires evidence on the areas where financial capability in the population is low and the 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:
- producing a set of draft good practice guidelines for the design of national financial literacy surveys, and
- 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.
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