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The impact of high school financial education: experimental evidence from Brazil

Miriam Bruhn, Luciana de Souza Leao, Arianna Legovini, Rogelio Marchetti and Bilal Zia

No 6723, Policy Research Working Paper Series from The World Bank

Abstract: This paper studies the impact of a comprehensive financial education program spanning six states, 868 schools, and approximately 20,000 high school students in Brazil through a randomized control trial. The program increased student financial knowledge by a quarter of a standard deviation and led to a 1.4 percentage point increase in saving for purchases, better likelihood of financial planning, and greater participation in household financial decisions by students."Trickle-up"impacts on parents were also significant, with improvements in parent financial knowledge, savings, and spending behavior. The study also finds evidence that the program affected students'inter-temporal preferences and attitudes.

Keywords: Tertiary Education; Financial Literacy; Education For All; Secondary Education; Primary Education (search for similar items in EconPapers)
Date: 2013-12-01
New Economics Papers: this item is included in nep-edu, nep-exp, nep-lam and nep-ure
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:6723

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