Financial education for children involves the transmission of—and contributes to modify—knowledge and behaviours in and in relation to the economic domain, in different ways at different ages. From a psychological perspective, to make financial education for young people effective it is necessary to consider two related matters: the nature of the decision-making process and the understanding of social norms evidenced by that process’s features. Decision-making abilities can in this light be conceived as internal pre-requisites for educational interventions, and social norms as external constraints defining the contexts in which decisions are taken. After a brief overview of the main models of financial education devised by economists and psychologists in recent years, we present a review of the development of decision-making ability during childhood, focusing on the impact of social norms for our understanding of it.

Marchetti, A., Castelli, I., Massaro, D., Valle, A., Combining Development and Education: Why Do Decision-Making and Social Norms Matter for Financial Education?, in Aprea, C. W. E. B. K. K. K. N. D. P. G. B. L. S. J. (ed.), International Handbook of Financial Literacy, Springer Singapore, Singapore 2016: 69- 81. 10.1007/978-981-10-0360-8_6 [http://hdl.handle.net/10807/75883]

Combining Development and Education: Why Do Decision-Making and Social Norms Matter for Financial Education?

Marchetti, Antonella;Castelli, Ilaria;Massaro, Davide;Valle, Annalisa
2016

Abstract

Financial education for children involves the transmission of—and contributes to modify—knowledge and behaviours in and in relation to the economic domain, in different ways at different ages. From a psychological perspective, to make financial education for young people effective it is necessary to consider two related matters: the nature of the decision-making process and the understanding of social norms evidenced by that process’s features. Decision-making abilities can in this light be conceived as internal pre-requisites for educational interventions, and social norms as external constraints defining the contexts in which decisions are taken. After a brief overview of the main models of financial education devised by economists and psychologists in recent years, we present a review of the development of decision-making ability during childhood, focusing on the impact of social norms for our understanding of it.
Inglese
International Handbook of Financial Literacy
978-981-10-0360-8
Springer Singapore
http://dx.doi.org/10.1007/978-981-10-0360-8_6
Marchetti, A., Castelli, I., Massaro, D., Valle, A., Combining Development and Education: Why Do Decision-Making and Social Norms Matter for Financial Education?, in Aprea, C. W. E. B. K. K. K. N. D. P. G. B. L. S. J. (ed.), International Handbook of Financial Literacy, Springer Singapore, Singapore 2016: 69- 81. 10.1007/978-981-10-0360-8_6 [http://hdl.handle.net/10807/75883]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/75883
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