By Japan Development Bank, Kozo Kato, Japan Economic Research Institute, Nihon Kaihatsu Ginko, Nihon Keizai Chosa Kyogikai, World Bank
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Mitchell, O. S. (2007). Baby boomer retirement security: The roles of planning, financial literacy and housing wealth. Journal of Monetary Economics, 54, 205–224. Mandell, L. (2009). The impact of financial education in high school and college. On Financial Literacy and Subsequent Financial Decision Making. Paper presented at the American Economic Association Meetings, San Francisco, CA. org/assa/2009/. Accessed January 12, 2016. OECD. (2001). Definition and selection of competencies: Theoretical and conceptual foundations (DeSeCo).
Public choice theory or the economic analysis of law. On the other hand, ever since the existence of the rational choice theory, the approach has been criticized from different academic quarters. This criticism currently comes from the area of experimental economics. Numerous laboratory experiments have proved that individuals in economic-oriented situations do not always behave in the manner predicted by the standardized model of the homo economicus. g. g. Fehr/Schmidt 1999; Camerer 2003; Ottone 2006).
PISA 2012 assessment and analytical framework. Paris: OECD. OECD. (2014). PISA 2012 results: Students and money. Financial Literacy skills for the 21st century (Vol. VI). Paris: OECD Publishing. Pang, M. F. (2010). Boosting financial literacy: Benefits from learning study. Instructional Science, 38, 659–677. Reifner, U. (2006). EU general report. In U. ), Financial literacy in Europe (pp. 15–36). Baden-Baden: Nomos. , & Seeber, G. (2012). Integrative economic education to combine citizenship education and financial literacy.