We identified papers meeting the criteria through several sources:

- 1) Search of peer-reviewed papers in Econlit under the broad terms _financial awareness, financial capability, financial competence, financial education, financial knowledge_ and _financial literacy_ between January 2000 and September 2013.

- 2) Search of papers included in previous literature reviews (starting with literature reviews published in 2007 – see table below).

- 3) Recent studies completed within the World Bank, many of which are listed in the website finlitedu.org.

- 4) Websites that are likely to include relevant studies, including the OECD, World Bank, Global Partnership for Financial Inclusion, and Alliance for Financial Inclusion (AFI).

The process of evaluating studies for inclusion or exclusion was performed initially through a review of paper abstracts in the case of both papers identified through Econlit and those cited in previous literature reviews. In the case of World Bank studies and research found on websites the papers themselves were typically available and reviewed directly. All papers that reported on an intervention are included in Appendix 1, even those which lacked sufficient rigor or statistical results for use in the meta-analysis portion of this paper. Descriptive information from these papers is included, where possible, in the descriptive statistics presented in the following section of the paper.

In order to reduce the number of studies to review to a manageable size and to focus the evidence on research results which had been screened for quality, only articles from peer reviewed journals were included from Econlit, for the period January 2000 to September 2013. The reasons for exclusion for papers located through Econlit searches are presented in Table 1.

|**Reasons for Exclu**<br>|**Reasons for Ex**<br>**sion**<br>**Papers Included**<br>**Measurement of Fi**<br>**Financial Ca**<br>**Sur**<br>**Exclusions**<br><br><br>|**Table 1**<br>**clusion of Research Papers Identified Through Econlit**<br>**nancial Literacy /**<br>**pability**<br>**vey data linking financial literacy**<br>**to an outcome (no intervention)**<br>**Survey data linking financial literacy**<br>**to retirement (no intervention)**<br>**[This is a subset of previous column]**<br>**Business training**<br>**Descriptive or Policy Paper**<br>**Theoretical Paper**<br>**Evaluation Published Previously or**<br>**Survey Article**<br>**Not About Financial Literacy or**<br>**Capability**<br>**Other**<br>**TOTAL Articles**<br>**for Econlit Searches(January 2000 to September 2013)**<br><br><br><br><br><br><br><br>|
|---|---|---|
|**Financial Attitudes**|**6**<br>**1**<br>**5**|**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**49**<br>**2**<br>**63**|
|**Financial Awareness**|**0**<br>**0**<br>**5**|**0**<br>**0**<br>**8**<br>**0**<br>**0**<br>**16**<br>**0**<br>**29**|
|**Financial Capability**|**2**<br>**3**<br>**6**|**1**<br>**0**<br>**1**<br>**1**<br>**1**<br>**62**<br>**0**<br>**77**|
|**Financial Competence**|**0**<br>**0**<br>**2**|**0**<br>**0**<br>**3**<br>**0**<br>**0**<br>**15**<br>**0**<br>**20**|
|**Financial Education**|**34**<br>**11**<br>**17**|**2**<br>**7**<br>**14**<br>**14**<br>**8**<br>**229**<br>**5**<br>**341**|
|**Financial Knowledge**|**17**<br>**14**<br>**22**|**9**<br>**4**<br>**5**<br>**4**<br>**1**<br>**161**<br>**1**<br>**238**|
|**Financial Literacy**|**14**<br>**13**<br>**47**|**17**<br>**2**<br>**26**<br>**6**<br>**7**<br>**5**<br>**12**<br>**149**|

Many of the excluded papers analyzed the importance of financial literacy or knowledge on various financial and non-financial outcomes. Using the terminology in Fernandes et al. (2013), these are 7