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# G53 Network

## Sitemaps

- [XML Sitemap](https://g53network.org/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Blog](https://g53network.org/blog/)
- [Determinants and Life-Cycle Effects of Survival Ambiguity](https://g53network.org/determinants-and-life-cycle-effects-of-survival-ambiguity/) - Claudio Daminato and Irina Gemmo Abstract: Sound retirement planning requires individuals to have precise beliefs about their survival chances. Based on an online survey experiment administered to a representative sample of the US population, we provide first evidence of the patterns of individuals' uncertainty about their survival probabilities, i.e., survival ambiguity, over the life-cycle. To
- [Gender Gaps in Financial Literacy: A Multi-Arm RCT to Break the Response Bias in Surveys](https://g53network.org/gender-gaps-in-financial-literacy-a-multi-arm-rct-to-break-the-response-bias-in-surveys/) - Laura Hospido, Nagore Iriberri, and Margarita Machelett Abstract: Women are consistently more likely to respond ”I do not know” (IDK) to financial questions, a behavior that might reflect confidence, risk attitudes or other tendencies rather than knowledge gaps. Using a randomized experiment with 6,000 adults in Spain, we test whether this behavioral pattern can be
- [Lasting Lessons: The Long-Term Impacts of School-Based Financial Education](https://g53network.org/lasting-lessons-the-long-term-impacts-of-school-based-financial-education/) - Veronica Frisancho, Antonella García, Edgar Ventura, and Juan Carlos Chong Abstract: This study experimentally examines the long-term effects of school-based financial education, analyzing data from nearly 60,000 individuals in Peru, seven years postintervention. Treated students increased their total debt by 7.2% and average loan size by 7.8%, shifting from revolving to non-revolving credit. Borrowing terms
- [Is School-Based Financial Education Effective? Immediate and Long-Lasting Impacts on Students and Teachers](https://g53network.org/fearless-woman-financial-literacy-and-stock-market-participation-2/) - Veronica Frisancho Abstract: This paper studies the potential of school-based financial education. Relying on a large-scale experiment in Peru, the study identifies significant improvements on financial skills. Novel credit bureau data uncovers long-lasting effects on financial behavior: three years later, treated students are less likely to have negative records due to unpaid/delinquent bills or credit
- [Crowdsourcing Peer Information to Change Spending Behavior](https://g53network.org/crowdsourcing-peer-information-to-change-spending-behavior-2/) - Francesco D’Acunto, Alberto G. Rossi, and Michael Weber Abstract: Consumers might overestimate optimal spending if forming beliefs based on others’ spending, because others’ conspicuous consumption is more visible than the rest of their consumption. If true, information about others’ overall spending should change beliefs and choice. For a test, we provide crowdsourced information about anonymous
- [The Evolution of Financial Literacy over Time and its Predictive Power for Financial Outcomes: Evidence from Longitudinal Data](https://g53network.org/fearless-woman-financial-literacy-and-stock-market-participation-3/) - Marco Angrisani, Jeremy Burke, Annamaria Lusardi, and Gary Mottola Abstract: We administered the FINRA Foundation’s National Financial Capability Study questionnaire to members of the RAND American Life Panel in 2012 and 2018. Using this unique, longitudinal data set, we investigate the evolution of financial literacy over time and shed light on the effect of financial
- [Financial Literacy in the Age of Green Investment](https://g53network.org/financial-literacy-in-the-age-of-investment/) - Anders Anderson and David T. Robinson Abstract: We survey a large sample of Swedish households and connect the responses to administrative data to relate pro-environmental attitudes and values to actual investment decisions. Pro-environment households are not more likely to hold proenvironment portfolios. This results from financial disengagement: they are less likely to own stocks, check
- [Disparities in Financial Literacy, Pension Planning, and Saving Behavior](https://g53network.org/disparities-in-financial-literacy-pension-planning-and-saving-behavior/) - Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, and Christine Laudenbach Abstract: Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large field experiment, we employ a digital pension aggregation tool to confront a treatment group with a simplified overview of their current pension claims across all pillars of
- [Improving Financial Literacy by Mitigating Behavioural Biases: A Causal Mediation Analysis on the Effects of Behavioural-Based Financial Education](https://g53network.org/improving-financial-literacy-by-mitigating-behavioural-biases-a-causal-mediation-analysis-on-the-effects-of-behavioural-based-financial-education/) - Francisco Pitthan and Kristof De Witte Abstract: Financial illiteracy affects considerably the decision-making of individuals, leading to sub-optimal outcomes and lower financial welfare in the society. Although financial education has been demonstrated to improve financial knowledge, evidence of long-term effects is limited. This could be due to the presence of cognitive biases such as myopia,
- [Evaluating Deliberative Competence: A Simple Method with an Application to Financial Choice](https://g53network.org/evaluating-deliberative-competence-a-simple-method-with-an-application-to-financial-choice/) - Sandro Ambuehl, B. Douglas Bernheim, and Annamaria Lusardi Abstract: We examine methods for evaluating opportunity-neutral interventions designed to improve the quality of decision making in settings where people imperfectly comprehend consequences. In an experiment involving financial education, conventional outcome metrics (financial literacy and directional changes in behavior) imply that two interventions, one with practice and
- [Accounting and Finance Literacy and Entrepreneurship: An Exploratory Study](https://g53network.org/accounting-and-finance-literacy-and-entrepreneurship-an-exploratory-study/) - Marco Trombetta Abstract: The aim of this study is to investigate whether the level of financial literacy differs significantly among entrepreneurs in three European countries: Italy, Spain, and the UK. Moreover, I analyze whether financial literacy fosters or hinders entrepreneurial resilience and success. I find that the level of basic financial literacy is significantly lower
- [Financial Literacy, Human Capital and Long-Run Economic Growth](https://g53network.org/financial-literacy-human-capital-and-long-run-economic-growth/) - Alberto Bucci, Riccardo Calcagno, Simone Marsiglio, and Tiago Neves Sequeira Abstract: We extend a two-sector endogenous growth model based on human capital accumulation along two different directions. First, by postulating that individuals may invest time-resources not only in the accumulation of human capital (general knowledge) but also in the accumulation of financial literacy (specific financial knowledge).
- [The Financial Capability of the Youth in Greece](https://g53network.org/the-financial-capability-of-the-youth-in-greece/) - Vasiliki A. Tzora, Nikolaos D. Philippas and Georgios A. Panos Abstract: We conduct the first nationally representative measurement of the financial capability of 15- year-old students in Greece. We find discrepancies between the core, the islands, and the periphery of the country. Female students score lower in terms of all knowledge, behaviour, and attitudes. Students
- [Spillover Effects of Financial Education: The Impact of School-Based Programs on Parents](https://g53network.org/spillover-effects-of-financial-education-the-impact-of-school-based-programs-on-parents/) - Veronica Frisancho Abstract: This paper studies whether school-based financial education has spillover effects from children to parents. Leveraging data from a large-scale experiment with public high schools in Peru and credit bureau records on the parents of the youth targeted, this study measures the impact of providing personal finance lessons during secondary school on parental
- [Financial Education: From Better Personal Finance to Improved Citizenship](https://g53network.org/financial-education-from-better-personal-finance-to-improved-citizenship/) - Elsa Fornero and Anna Lo Prete Abstract: Financial education is a crucial determinant of informed decisions, in both the private and social spheres. From a life cycle perspective, it improves personal finance. From youth to retirement, basic economic and financial competences, including specific pension literacy, help to plan for the future and to make better
- [Reverse Mortgages and Financial Literacy](https://g53network.org/reverse-mortgages-and-financial-literacy/) - Ismael Choinière Crèvecoeur and Pierre-Carl Michaud Abstract: Few retirees use reverse mortgages. In this paper, we investigate how financial literacy and prior knowledge of the product influence take-up by conducting a stated-preference experiment. We exogenously manipulate characteristics of reverse mortgages to tease out how consumers value them and investigate differences by financial literacy and prior
- [The Fear of Missing Out on Cryptocurrency and Stock Investments: Direct and Indirect Effects of Financial Literacy and Risk Tolerance](https://g53network.org/the-fear-of-missing-out-on-cryptocurrency-and-stock-investments-direct-and-indirect-effects-of-financial-literacy-and-risk-tolerance/) - Paul Gerrans, Sherin Babu Abisekaraj, and Zhangxin (Frank) Liu Abstract: The `Fear of Missing Out’ or FoMO has become an accepted motivator of behaviours extending from the purchase of limited-edition sneaker brands to social media use and cryptocurrency investment. As a motivator of individual financial behaviours, such as cryptocurrency and stock investment, it is unclear
- [Effectiveness of Employer-Provided Financial Education Programs](https://g53network.org/effectiveness-of-employer-provided-financial-education-programs/) - Robert L. Clark Abstract: While there have been numerous studies illustrating the rather low level of financial knowledge of Americans, there have been only a few efforts to examine the effectiveness of employer-provided programs in enhancing financial literacy and the ability of these programs to modify worker retirement and saving decisions. In this paper, I
- [Could Financial Education Be a Universal Social Policy? A Simulation of Potential Influences on Inequality Levels](https://g53network.org/could-financial-education-be-a-universal-social-policy-a-simulation-of-potential-influences-on-inequality-levels/) - Giovanni Gallo and Alessia Sconti Abstract: Financial vulnerability is a concern of policymakers around the world. The Covid-19 pandemic elevated the financial fragility of households globally, particularly among the most vulnerable populations, and rising inflation is adding a new strain. This paper looks at Italy in examining how a marginal change in a household’s financial
- [Selection into Financial Education and Effects on Portfolio Choice](https://g53network.org/selection-into-financial-education-and-effects-on-portfolio-choice/) - Irina Gemmo, Pierre-Carl Michaud, and Olivia S. Mitchell Abstract: To examine how financial education affects financial outcomes, one must evaluate whether and how sample selection may bias inferences regarding program impacts. Our incentivized experiment reveals how such selection influences estimated financial education effects. The more financially literate and those expecting higher gains pay more to
- [Financial Literacy and Financial Education: An Overview](https://g53network.org/financial-literacy-and-financial-education-an-overview/) - Tim Kaiser and Annamaria Lusardi Abstract: This article provides a concise narrative overview of the rapidly growing empirical literature on financial literacy and financial education. We first discuss stylized facts on the demographic correlates of financial literacy. We next cover the evidence on the effects of financial literacy on financial behaviors and outcomes. Finally, we
- [Assessing Financial Literacy Among the Young](https://g53network.org/assessing-financial-literacy-among-the-young/) - Luis Oberrauch, Tim Kaiser, and Annamaria Lusardi Abstract: Since 2012, the Programme for International Student Assessment (PISA), an initiative of the Organisation for Economic Co-operation and Development (OECD), conducted triennial tests to evaluate the financial literacy of 15-year-old students in various countries. These data provide an opportunity to study the determinants of financial literacy among

## Pages

- [Home](https://g53network.org/) - The G53 Network connects top scholars around the world to facilitate the exchange of ideas, promote evidence-based research, and meet the urgency for data-driven solutions.
- [Conference 2026](https://g53network.org/conference-2026/) - G53 Financial Literacy and Personal Finance Network Conference 2026 University of Bergamo, Italy | November 10–11, 2026 At this conference, researchers from around the world gather to connect, collaborate, and exchange groundbreaking ideas.During the event, participants will dive into cutting-edge research on financial literacy and personal finance, with the ultimate objective of promoting financial well-being.The
- [Members](https://g53network.org/members/) - G53 Network Members The G53 Network comprises a diverse group of researchers from all over the world with a track record of research excellence and promoting financial literacy and personal finance. Our members are appointed as Research Fellows or Research Associates, depending on their seniority in the field, the volume of research published on financial
- [Conference](https://g53network.org/conference/) - Conference Our in-person and virtual events will bring together researchers from around the world who are leading the way in financial literacy and personal finance. Conference Financial Literacy and Personal Finance Network ConferenceThe G53 Network Conference is our biggest event and the ideal venue for researchers to exchange ideas, rigorous research and bold initiatives that can
- [Rising Scholars 2026](https://g53network.org/training-and-mentoring/g53-network-rising-scholars/rising-scholars-2026/) - The 1st International Workshop of the G53 Network Rising Scholars 2026 July 16–17, 2026 | Reggio Calabria, Italy – Regional Venue The 1st International Workshop of the G53 Network Rising Scholars was held in Reggio Calabria (Southern Italy) on July 16–17, 2026. The workshop brought together early-career researchers who are conducting research related to financial
- [G53 Network Rising Scholars](https://g53network.org/training-and-mentoring/g53-network-rising-scholars/) - G53 Network Rising Scholars The G53 Network Rising Scholars is a distinguished community of early-career researchers from around the globe who share a passion for advancing research and evidence-based solutions in personal finance and financial literacy. This initiative operates as a dedicated subgroup within the broader G53 Network, fostering collaboration and professional growth among the
- [Training and Mentoring](https://g53network.org/training-and-mentoring/) - Training & Mentoring At the G53 Network, we believe that advancing financial literacy and personal finance research requires the brightest minds and innovative thinking. To nurture emerging talent, we have launched two key initiatives: a mentoring and training program for graduate students, and the G53 Network Rising Scholar group—our vibrant community of early-career researchers dedicated
- [Brown Bag Lunch](https://g53network.org/research/brown-bag-lunch/) - Brown Bag Lunch Initiative The G53 Network Brown Bag Lunch initiative is part of the G53 Network’s overall goal of building a strong academic community of researchers who are working to tackle financial illiteracy. The G53 Network Brown Bag Lunch initiative facilitates rigorous research, encourages the exchange of ideas, and nurtures the next generation of
- [Boot Camp 2026](https://g53network.org/training-and-mentoring/boot-camp-2026/) - Financial Literacy Research Boot Camp 2026 Stanford University | California, USA | June 22-26, 2026 Program Participants in this five-day, full-immersion workshop will be exposed to research methodology in financial literacy and personal finance, including survey design, measurement, and theoretical models of financial decision-making. Participants will also learn how to conduct impact evaluations in an
- [Annual Conference 2023](https://g53network.org/annual-conference-2023/) - G53 NETWORK Annual Conference 2023 Hamburg, Germany | June 22-23, 2023 Welcome to the inaugural G53 Network Annual Conference webpage! At this conference, researchers from around the world gather to connect, collaborate, and exchange groundbreaking ideas. During the event, participants will dive into cutting-edge research on financial literacy and personal finance, with the ultimate objective
- [Gallery Annual Conference 2023](https://g53network.org/gallery-annual-conference-2023/) - G53 NETWORK Annual Conference 2023 Hamburg, Germany | June 22-23, 2023 At this conference, researchers from around the world gathered to connect, collaborate, and exchange groundbreaking ideas.During the event, participants dived into cutting-edge research on financial literacy and personal finance, with the ultimate objective of promoting financial well-being.The conference is possible thanks to the generous
- [Conference 2025](https://g53network.org/conference-2025/) - G53 Financial Literacy and Personal Finance Network Conference 2025 Mannheim, Germany | November 18-19, 2025 At this conference, researchers from around the world gather to connect, collaborate, and exchange groundbreaking ideas.During the event, participants will dive into cutting-edge research on financial literacy and personal finance, with the ultimate objective of promoting financial well-being.The Mannheim Institute
- [Journal of Financial Literacy and Wellbeing​](https://g53network.org/flw/) - Journal of Financial Literacy and Wellbeing Publish your research here!ISSN: 2753-3212 (Online)Frequency: 3 issues per yearThe Journal aims to publish rigorous research on financial literacy and financial well-being, inform public policies as well as public, private and civil society strategies and activities, with the ultimate objective of improving the financial literacy, resilience and well-being of
- [About Us](https://g53network.org/about-us/) - About Us The G53 Network purpose We aim to bring together the best researchers from all over the world to connect and collaborate. We are also committed to building the next generation of researchers. We will promote rigorous research, facilitate the exchange of ideas and provide evidence to inform policy and programs, and ultimately, devise
- [Boot Camp 2025](https://g53network.org/training-and-mentoring/boot-camp-2025/) - Financial Literacy Research Boot Camp 2025 Stanford University | California, USA | June 23-27, 2025 The Financial Literacy Research Boot Camp at Stanford University brought together Ph.D. students, postdocs, early-career researchers, and assistant professors to learn, explore, and connect with peers. Throughout the week, participants engaged with leading experts in financial decision-making, financial literacy, personal
- [Rising Scholar Participation](https://g53network.org/training-and-mentoring/rising-scholar-participation/) - G53 Network Rising Scholars Participation Participation in the G53 Network Rising Scholars initiative is by invitation only. Eligible candidates are early-career scholars who have presented at one of our academic events or participated in our Boot Camp and are conducting research related to financial literacy and personal finance. This includes Ph.D. students, postdoctoral researchers, assistant
- [Working Paper Series](https://g53network.org/research/workingpaperseries/) - Working Paper Series Through the G53 Network Working Paper Series, our members can share their research findings and make them available prior to publication in academic journals. In this section, you can find the research that Network members are developing. The aim of the series is to tackle the most pressing questions and to provide
- [Research](https://g53network.org/research/) - Research The G53 Network aims to spotlight and encourage high-quality research in the field of financial literacy. We offer a platform in which research in progress can be shared and discussed amongst a community of academics who all strive to empower people to achieve better life outcomes.Research from different sectors—such as economics, finance, business, public
- [Membership](https://g53network.org/membership/) - G53 Network Membership G53 Network membership starts with nomination by a current G53 Network member and is decided by our Executive Committee through a rigorous and competitive process. Eligible candidates are scholars with a track record of work related to financial literacy and personal finance, who hold at a Ph.D., and are at a university,
- [Annual Boot Camp 2023](https://g53network.org/training-and-mentoring/annual-boot-camp-2023/) - G53 NETWORK Annual Boot Camp 2023 Hamburg, Germany | June 2023 The first Boot Camp took place in June 2023, in Hamburg, Germany. The Boot Camp was a three-day full-immersion research workshop hosted jointly by JHS and GFLEC. The selection committee consists of nominated G53 Network Members supported by a JHS representative. We selected 12
- [Conference](https://g53network.org/conference-2/) - Conference Our in-person and virtual events will bring together researchers from around the world who are leading the way in financial literacy and personal finance.The Annual G53 Network Conference will be our biggest event and the ideal venue for researchers to exchange ideas, rigorous research and bold initiatives that can make a difference and impact
- [Members-archive](https://g53network.org/members-archive/) - Members The G53 Network comprises a diverse group of researchers from all over the world with a track record of research excellence and promotion of the field. Our members are designated as Research Fellows or Research Associates, depending on their seniority in the field and the volume of research published on financial literacy and personal
- [Privacy Policy](https://g53network.org/privacy-policy/) - Privacy Policy Last updated: December 02, 2021 This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You. We use Your Personal data to provide and improve the Service. By using
- [Contact](https://g53network.org/contact/) - Contact If you are an academic/researcher interested in learning more about this initiative, please complete this form: First Name Last Name Email Message SubmitThe form has been submitted successfully!There has been some error while submitting the form. Please verify all form fields again.