...The Impact of Financial Education in High School and College On Financial Literacy and Subsequent Financial Decision Making by Lewis Mandell Kermit O. Hanson Visiting Professor of Finance and Business Economics Foster School of Business, University of Washington Senior Fellow, Initiative on Financial Security, Aspen Institute Presented at the American Economic Association Meetings San Francisco, CA January 4, 2009 The Impact of Financial Education in High School and College On Financial Literacy and Subsequent Financial Decision Making Abstract: Many consumers appear to lack the financial literacy needed to make financial decisions in their self-interest. A growing number of analysts and politicians are blaming the intersection of low levels of financial literacy with complex, financially-engineered products for the current economic meltdown and have proposed a number of solutions to this problem. These solutions range from mandatory education in personal finance to required simplification of financial products and greatly increased regulation. This paper examines evidence on the effectiveness of personal finance education on both financial literacy and financial behavior. If the problem can be solved through education, it is likely to reduce the perceived need to limit choice in the marketplace for retail financial products. If education is shown to be ineffective, the future of financial product innovation and financial engineering may be greatly limited. Supporting...
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...Public Disclosure Authorized WPS6107 Policy Research Working Paper 6107 Public Disclosure Authorized Financial Literacy around the World An Overview of the Evidence with Practical Suggestions for the Way Forward Lisa Xu Bilal Zia Public Disclosure Authorized Public Disclosure Authorized The World Bank Development Research Group Finance and Private Sector Development Team June 2012 Policy Research Working Paper 6107 Abstract Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence on financial literacy, its correlates, and existing and upcoming causal investigations. The authors conclude with a synthesis of policy advice and practical suggestions for the way forward in this fast growing area of research. This paper is a product of the Finance and Private Sector Development Team, Development Research Group. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://econ.worldbank.org. The author may be contacted at bzia@worldbank.org. The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development...
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...Co-operation and Development) countries, where education is generally compulsory up to age 15-16. But men are more likely to drop out before completing secondary education, particularly in the high-income countries. As a result, in many countries across the world younger women are increasingly better educated than young men in OECD countries. In reading skills, for example, men lag behind girls at the end of compulsory education to the equivalent of a year’s schooling, on average, and are far less likely to spend time reading for pleasure. Men are ahead in mathematics but the gender gap is small compared to reading. But yet the women are still less likely to choose scientific and technological fields of study, and even when they do, they are less likely to take up a career in these fields – a concern given skills shortages in the workplace, the generally more promising career and earnings prospects in these fields, and the likelihood of positive spillovers from more skilled workers in these fields to innovation and growth. Such decisions are taken very early in life in OECD countries, so one answer should be to focus more work on gender stereotyping and attitude changing at a young age. Gender stereotyping frequently takes place in subtle ways at home, in schools and in society. If primary teachers are mainly women, and secondary teachers, particularly in the sciences, are predominantly men, what...
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...Ethics: Behavior, Sustainability and Social Responsibility 2 August 2013 Abstract Though there are business leaders and philosophers that object to the belief or need of exhausting time, money or resources for the welfare of its people, be it consumers or employees, data indicates that those who do recognize their noblesse oblige will prosper (BP, pg 149). Practicing ethical business operations has been a talked about subject since the eighteenth and nineteenth centuries. Whether it is sustainability or social responsibility, approaches to business ethics have yet to be standardized. At the peak of today’s ethical environmental dilemmas stands Monsanto, the organization that prides itself on the ability to create sustainable agriculture. There are also scandals with regard to scrupulous or fraudulent investors, such as Bernard Madoff, who prosper at the expense of trusting individuals. Lending institutions have also taken advantage of the financially ill-informed consumers who have lost their homes and in some cases their families and lives as a result of subprime lending practices (cite). Toyota, who was once known as one of the world’s fastest growing auto makers (cite) deliberately ignored the safety of its consumers in effort to continue maximizing its profits. Organizations lacking business morals must understand that responsibility does not rest on one source, but rather it should be a collaborative effort between the companies, governments, and individuals...
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...HOLY CHILD JESUS COLEGE GUMACA,QUEZON Financial Status: Cause and Effect to the educational growth and development of children at Brgy. Tabing Dagat Gumaca,Quezon By; Ma. Angela C. Pelaez Reseach Paper in English IV Presented to: Mrs. Beatriz A. Apoli March 2015 Introduction: Financial matters are related to all aspects of personal and family life. Financial concerns and family relationships financial problem and substance abuse psychological aspects of financial hardship, in financial problems stress are just a few examples of research topics in personal finance. Research has shown the relationship between workplace productivity and poor financial behavior employers financial problems are one of the four problems in the workplace. Many of the children from now on are not attending our classes in school, because many of them are not supported of their parents. The others are not having enough money to pay the school contribution. Some children are not interested on going to school because they want to work every day forgetting that school is also important. The problems of student is being a working students. They not have enough time to rest and to study well because they are so very busy on their role. So the student who not attending our school is have not a quality knowledge. Significance of the Study: The Researcher has investigated financial matters and their impacts on personal and family life for years. Importance areas...
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...Identify the potential target audience. • Determine the appropriate communication program which will break the barriers to HIV/ AIDS social marketing in Mexico and will create awareness to them irrespective of their sex, literacy, and geographic location. • Design an effective AIDS awareness message which is simple, believable, appealing and forceful to the target adults and will instigate public dialogue • Determine whether to use only advertising tool or integrated marketing communications tools to reach most adults. • Establish social norms through the AIDS awareness program so that adults do not view AIDS as stigma, feel free to have open sex-discussion and get encouraged to become aware of AIDS and preventive measures as a part of their lives Low • Identify the possible barriers in properly getting the message to the right people. • Create awareness regarding intravenous drug users. 3. Case Problems • Language, cultural and religious barriers – Campaign needs to be designed in Spanish, & some major native languages in order to reach more target audiences. Catholic religious feeling towards the use of condoms as an invitation of depravity. Cultural view of Male value of machismo whereby men should be seen as invincible. • Low literacy rate – Low literacy rate in the country would limit the...
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...INTRODUCTION Background of the Study Computers are ubiquitous. As computers have become less expensive they have been purchased by more and more families for their homes. Because of this, many children begin to use computers at an early age. Even if computers are not available in their home, children almost certainly will begin to come into contact with computers in school. Some adults are amazed by how readily young children use computers. Many children find that using computers gives them a sense of power and accomplishment. And, unlike many adults whose first or primary contact with computers is work related, most children first use computers for entertainment purposes and games. This is by no means the only use that children have for computers. Because computer use is promoted in schools, and because computers are so ubiquitous, children have a great deal of exposure to them. Not everyone, however, is comfortable with the use of computers by young children. Some, including the Alliance for Childhood, have called for a halt to the use of computers by young children. Such groups cite the costs as well as possible health effects that using computers may have on children. The true impact that early computer use has on children is uncertain. Even though there is not enough information to state authoritatively that computers have any negative effects on children, the possible adverse effects that have been cited are serious...
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...INTRODUCTION Background of the Study Computers are ubiquitous. As computers have become less expensive they have been purchased by more and more families for their homes. Because of this, many children begin to use computers at an early age. Even if computers are not available in their home, children almost certainly will begin to come into contact with computers in school. Some adults are amazed by how readily young children use computers. Many children find that using computers gives them a sense of power and accomplishment. And, unlike many adults whose first or primary contact with computers is work related, most children first use computers for entertainment purposes and games. This is by no means the only use that children have for computers. Because computer use is promoted in schools, and because computers are so ubiquitous, children have a great deal of exposure to them. Not everyone, however, is comfortable with the use of computers by young children. Some, including the Alliance for Childhood, have called for a halt to the use of computers by young children. Such groups cite the costs as well as possible health effects that using computers may have on children. The true impact that early computer use has on children is uncertain. Even though there is not enough information to state authoritatively that computers have any negative effects on children, the possible adverse effects that have been cited are serious...
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...MODULE ASSIGNMENTS · Reading AssignmentResource[->0] Read the following for Module 1: The History of Early Childhood Education: 1. Beginnings and Beyond - Chapters 1 and 2. 2. As you read, ask yourself the following questions: a. Why is the past important? b. How have the beliefs and ideas of great educators influenced early childhood programs? 3. The Lecture Notes and Power Point Presentation found in Course Documents under Lecture Notes Last modified: Wednesday, December 31, 1969, 07:00 PM · Homework Assignments--Chapters 1 and 2, due May 28th (online)[->1] Portfolio Assignment: After reading and studying Chapters 1 & 2 in Beginnings and Beyond, complete the following assignments for each Chapter. As a suggestion, as you complete your work, add the page number where you located your information. The page will be easy to find again if you need to prove the veracity (or accuracy) of your work. · Chapter 1 1. Define and be able to explain Key Terms. (pg. 36) 2. Complete Review Questions #1&4 (pg. 36) 3. Define pedagogic creed and then complete Learning Activity #2. (pg. 37) · Chapter 2 1. Define and be able to explain Key Terms. (pg. 71) 2. Complete Review Questions # 1 thru 4. (pg. 71) Chapter 1: KEY TERMS 1) Professionalism – the competence or skill expected of a professional; in early childhood education, this includes a sense of identity, purpose to engage in developmentally appropriate practices, a commitment to ethical teaching...
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...Adult Media Literacy A review of the research literature on behalf of Ofcom By Sonia Livingstone Elizabeth Van Couvering Nancy Thumim Department of Media and Communications London School of Economics and Political Science Houghton Street London WC2A 2AE Tel: +44 (0) 20 7955 7710 Fax:+44 (0) 20 7955 7248 E-mail: s.livingstone@lse.ac.uk Ofcom Adult media literacy Preface Ofcom is the independent regulator for the UK communications industry. As part of Ofcom’s work to promote media literacy we plan to undertake or support a range of research activities to monitor people’s skills, knowledge and understanding of communications technologies and the content they watch and listen to either through broadcasting or online. Ofcom defines media literacy as the ability to access, understand and create communications in a variety of contexts. We have published our strategy and priorities for the promotion of media literacy and these can be found on our website. In October 2004 we commissioned Professor David Buckingham and Professor Sonia Livingstone to report on recent relevant academic and other publicly-available research into children’s and adults’ media literacy respectively. The purpose of this work was to outline the range of studies conducted, the gaps in research, provide examples of innovative methodologies, and outline possible barriers and enablers to media literacy identified by these studies. These reviews have admirably fulfilled their task, and provide a...
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...(Haverstraw Place), Kathy Galione (Youth Bureau/Cons. Corps), Cheryl Hunter-Grant(LHVPN), John Aramim (Rockland Career Ctr), Deborah Studnitzer(RTC Institute), Daniel Santana(Fidelis Care), Betsy Rodman (Cornell Coop Ext), Ron Figueroa (RCDSS), Delilah Velez ( Evercare Choice), Martha Robles (CCCSR), Alejandra Silva-Exias (Legal Aid Society of Rockland), Dwindell Feeley (BBBS Rockland) Susan Ball (RSVP), Claudia Depkin (HKDPL), Sr. Marie Buckley (Hospice of Rockland) Inspiration for the day was a reading prepared- “Thought for April” and was shared by the group. Minutes from March were read and accepted by members. Presentation- Doris Suarez – Centro De Amigos- Overview This Social Adult Day Center will be opening at 91 Broadway, Haverstraw NY 10927. Centro de Amigos Social Adult Day Center is designed to help maintain and improve a person’s physical and mental health in a comfortable, community-based setting through a culturally competent system of care that provides opportunities for: Socialization, Supervision, Monitoring, Personal Care, and Nutrition. This will be a culturally centered facility, targeting the...
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...billion with an average population growth rate of 1.41%, this is a clear indication that this population will increase more with time. When looking at the age structure, people who are 15-64 years old make up 65% of India's population and only 30% being under 15 years of age. This clearly indicates that India is composed of a rather young population. As per the 2011 census, literacy levels stand at around 74.04% and this is a significant progress from the 14.5% rate at the time of India’s independence in 1947, though the census still reveals that the adult literacy rate in India was more than 11% lower than the average World Adult Literacy Rate of 84% (Census of India, 2011c, p.101). Despite major reforms and programs intended to develop the education system, India is still struggling with low rates of illiteracy, especially in the country’s rural parts. Different states have been experiencing different rates of increase in literacy levels, although with very high disparities caused by the different classes of the Indian society. For instance, Kerala and Mizoram states are above the national average at 82.14%, while others like Bihar have a literacy level of about 65.46%...
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...“A Learning Bridge for Aboriginal Adults” (ALBAA) Final Report Phase I – Aboriginal Transitions Research Fund May 29, 2009 Submitted to: Learning Programs Branch Ministry of Advanced Education 2nd Floor – 835 Humboldt Street PO Box 9882 Stn Prov Govt Victoria BC V8W 9T6 Submitted by: Faculty of Student Development Thompson Rivers University 900 McGill Road Box 3010 Kamloops BC V2C 5N3 Table of Contents Executive Summary .................................................................................................................................... 1 Introduction................................................................................................................................................ 5 Review of Literature ................................................................................................................................... 6 Institutional Factors............................................................................................................................. 7 Cultural Factors ................................................................................................................................. 11 Power and Control Factors ................................................................................................................ 15 Financial and Geographic Factors ..................................................................................................... 16 Limitations of the Current Literature ...
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...11 PUBH100: Assessment 2, ‘Fat Chance’ Introduction The Active8 campaign was first introduced into the small Victorian town of Ararat, as a result of the popular television show, ‘The Bigggest Loser’, appointing it the fattest town in Australia (Holwell, 2014). It is an empowering and educational public health obesity prevention campaign that has been implemented in order to change attitudes surrounding nutrition, participation and exercise (Holwell, 2014). The public health program, Active8, is to be deployed in one Local Government Area (LGA) within NSW. The final two candidates in consideration to receive the obesity prevention program are Bankstown LGA and Hornsby LGA. The health and wellbeing of these LGA’s will be compared by assessing available public health data in order to decide in which LGA the Active8 program will be funded and implemented. Table 1 Estimated rate of overweight and obesity in people aged 18+ (2011-2013) Bankstown LGA Hornsby LGA No. Per 100 No. Per 100 Overweight (but not obese) 42,634 34.9 38,092 35.0 Obese 34,396 28.5 21,216 19.3 Note. Reprinted from “Social Health Atlas of Australia: NSW & ACT,” by PHIDU, Adelaide University, 2015, retrieved from: http://www.adelaide.edu.au/phidu/maps-data/graphs/ As can be seen in Table 1, there is almost no difference between the LGA’s in terms of being overweight, however there is a substantial difference in obesity rates, with Bankstown LGA having 13% higher rates than Hornsby...
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...82940 v2 Skilling up Vietnam: Preparing the workforce for a modern market economy Vietnam Development Report 2014 Main Report November 2013 2 | VIETNAM DEVELOPMENT REPORT 2014 - MAIN REPORT Contents Executive Summary ...................................................................................................................................... 7 Overview – Skilling up Vietnam: Preparing the workforce for a modern market economy ...................... 11 Skills and development in Vietnam ........................................................................................................ 11 Looking back: Vietnam’s shift away from agriculture and the role of education .............................. 11 Looking ahead: Modern jobs and changing skill needs ...................................................................... 13 What skills are in demand today (and will be in 2020)? ........................................................................ 15 Defining “skills”................................................................................................................................... 15 How are cognitive, behavioral and technical skills formed? .............................................................. 16 Preparing the workforce for a modern market economy .................................................................. 17 Step 1: Promoting school readiness through...
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