News Column

Recent Findings in Public Policy Described by Researchers from Auckland University of Technology

June 26, 2014

By a News Reporter-Staff News Editor at Politics & Government Week -- Researchers detail new data in Public Policy. According to news reporting out of Auckland, New Zealand, by VerticalNews editors, research stated, "In this paper, we examine the impact of financial experience on financial literacy."

Our news journalists obtained a quote from the research from the Auckland University of Technology, "Exploiting a unique feature of New Zealand, whereby domestic students can obtain interest-free student loans and can fully participate in the national retirement scheme while international students cannot, we employ an instrumental variables approach to identify the causal effect of financial experience on financial literacy. We conduct surveys on a sample of 338 business students and find that there is a positive and causal effect of financial experience on financial literacy."

According to the news editors, the research concluded: "Our results have important implications for financial education programmes and may explain why many of these programmes to date have had limited success."

For more information on this research see: Learning by doing: the role of financial experience in financial literacy. Journal of Public Policy, 2014;34(1):123-154. Journal of Public Policy can be contacted at: Cambridge Univ Press, Edinburgh Bldg, Shaftesbury Rd, CB2 8RU Cambridge, England. (Cambridge University Press -; Journal of Public Policy -

Our news journalists report that additional information may be obtained by contacting B. Frijns, Auckland University of Technology, Dept. of Finance, Auckland, New Zealand. Additional authors for this research include A. Gilbert and A. Tourani-Rad.

Keywords for this news article include: Auckland, Public Policy, Australia and New Zealand

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Source: Politics & Government Week

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