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Evaluating the efficacy of mass media and social marketing campaigns in changing consumer financial behavior

Author

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  • Mulaj, Florentina
  • Jack, William

Abstract

Mass media and social marketing programs are cheap, scalable, and potentially effective means of influencing consumers'financial behavior and decisions. In light of this potential, and in order to provide clear policy direction, this paper provides an overview of the existing and ongoing research efforts in this domain, and highlights the importance of expanding the evidence base by conducting rigorous impact assessments in this field. Exploring four case studies, it provides lessons in designing effective evaluations specifically targeting mass media and social marketing programs on consumer financial management, highlights the value of incorporating insights from behavioral psychology in program design, and suggests avenues for future research.

Suggested Citation

  • Mulaj, Florentina & Jack, William, 2012. "Evaluating the efficacy of mass media and social marketing campaigns in changing consumer financial behavior," Social Protection Discussion Papers and Notes 73924, The World Bank.
    • Handle: RePEc:wbk:hdnspu:73924
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    Citations

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    Cited by:

    1. David Margolis & David Robalino & Friederike Rother & David Newhouse & Mattias Lundberg, 2013. "Youth Employment : A Human Development Agenda for the Next Decade," World Bank Publications - Reports 17620, The World Bank Group.
    2. Dewen Wang & Nithin Umapathi & Philip O'Keefe, 2013. "Eligibility Thresholds for Minimum Living Guarantee Programs : International Practices and Implications for China," World Bank Publications - Reports 17006, The World Bank Group.
    3. Umapathi, Nithin & Wang, Dewen & O'Keefe, Philip, 2013. "Eligibility thresholds for minimum living guarantee programs : international practices and implications for China," Social Protection Discussion Papers and Notes 83118, The World Bank.
    4. Cerutti, Paula & Fruttero, Anna & Grosh, Margaret & Kostenbaum, Silvana & Oliveri, Maria Laura & Rodriguez-Alas, Claudia & Strokova, Victoria, 2014. "Social assistance and labor market programs in Latin America : methodology and key findings from the social protection database," Social Protection Discussion Papers and Notes 88769, The World Bank.
    5. Domelen, Julie van, 2012. "Togo : towards a national social protection policy and strategy," Social Protection Discussion Papers and Notes 89000, The World Bank.
    6. Paula Cerutti & Anna Fruttero & Margaret Grosh & Silvana Kostenbaum & Maria Laura Oliveri & Claudia Rodriguez-Alas & Victoria Strokova, 2014. "Social Assistance and Labor Market Programs in Latin America : Methodology and Key Findings from the Social Protection Database," World Bank Publications - Reports 18938, The World Bank Group.
    7. Julie van Domelen, 2012. "Togo : Towards a National Social Protection Policy and Strategy," World Bank Publications - Reports 19004, The World Bank Group.
    8. Robalino, David A. & Weber, Michael, 2013. "Designing and implementing unemployment benefit systems in middle and low income countries : key choices between insurance and savings accounts," Social Protection Discussion Papers and Notes 90348, The World Bank.
    9. David Margolis & David Robalino & Friederike Rother & David Newhouse & Mattias Lundberg, 2013. "Youth Employment : A Human Development Agenda for the Next Decade," World Bank Publications - Reports 17620, The World Bank Group.
    10. Michael Weber & David A. Robalino, 2013. "Designing and Implementing Unemployment Benefit Systems in Middle and Low Income Countries : Key Choices between Insurance and Savings Accounts," World Bank Publications - Reports 20142, The World Bank Group.

    More about this item

    Keywords

    Financial Literacy; Access to Finance; Health Monitoring&Evaluation; Education For All; Banks&Banking Reform;
    All these keywords.

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