Deutsche Bundesbank Early Career Research Prize on Financial Literacy

The Deutsche Bundesbank, in cooperation with the Mannheim Institute for Financial Education (MIFE), is sponsoring an Early Career Research Prize on Financial Literacy worth 5,000 Euro. For the first time, the price will be awarded during the MIFE inaugural conference. The price will be awarded annually during a MIFE event.

Goal and target group

  • Promotion of early career researchers (doctoral students, postdocs, junior professors in the early stages) in research areas of financial literacy relevant to the Deutsche Bundesbank.
  • Candidates may come from the fields of economics, household finance, economics and business education, psychology and related disciplines.
  • The winner will be selected from among the candidates who submit their papers and are accepted for the MIFE early career workshop.

Award criteria and selection process

  1. Submission of a paper by an early career researcher (doctoral student, postdoc, junior professor) as a full paper (see indications in the respective call for papers). For deadlines please consult the respective call for papers of a given year.
  2. Papers must not have been accepted for publication in an academic journal at the time of submission.
  3. Submission is possible for single-authored papers. In case of co-authorship, the submitting junior researcher must prove that he or she has made a substantial personal contribution.
  4. The paper should address topics related to the core business areas of the Deutsche Bundesbank (monetary policy, banking supervision, cash and cashless payments, financial stability). In addition, papers dealing with other central bank-related topics are also admissible (e.g. financial/capital markets, foreign trade). Applicants should briefly explain the connection with these topics in a covering letter.
  5. Examples of relevant subject areas and research fields may include:
    • Financial literacy, financial education and financial decision-making
    • Design and effectiveness of financial education interventions and programmes
    • Knowledge and unterstanding of the functioning of monetary policy measures as well as their institutions and effectiveness
    • Assessment and handling of financial risks
    • Digitalisation in payments and financial literacy
    • Credit knowledge/borrowing/repayment behaviour/over-indebtedness
    • Financial well-being/financial resilience
  6. The award committee consists of the scientific committee of the MIFE Early Career Workshop and a representative of the Bundesbank.