ERIC Number: EJ1248298
Record Type: Journal
Publication Date: 2020-Feb
Pages: N/A
Abstractor: As Provided
ISBN: N/A
ISSN: EISSN-1077-5315
EISSN: N/A
Improving Financial Behaviors through Nudges
Smith, Rebecca C.; Loibl, Cäzilia; Imam, Khurram; Jones, Lauren
Journal of Extension, v58 n1 Article v58-1tt6 Feb 2020
Behavioral economics and its concept of nudges are rapidly influencing the design of community-based financial education programs. This article addresses why nudges can be useful tools for effective financial education, explains the different types of nudges introduced by behavioral economics research, presents evidence of their effectiveness from the field, and suggests ways Extension professionals can use these insights in their work. A particular focus is on nudges that are effective for personal financial behaviors.
Descriptors: Extension Education, Money Management, Consumer Economics, Program Effectiveness, Prompting, Consumer Education, Credit (Finance), Loan Repayment, Decision Making, Budgeting
Extension Journal, Inc. e-mail: joe-ed@joe.org; Web site: http://www.joe.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A