The Impact of High School Financial Education: Evidence from a Large-Scale Evaluation in Brazil

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

American Economic Journal: Applied Economics, 2016, vol. 8, issue 4, 256-95

Abstract: We study the impact of a comprehensive high school financial education program spanning 6 states, 892 schools, and approximately 25,000 students in Brazil through a randomized control trial. The program increased student financial proficiency by a quarter of a standard deviation and raised grade-level passing rates. Short-term financial behaviors, however, show mixed results with significant improvements in students' savings and budgeting as well as positive spillovers to parents, but also an increase in students' use of expensive credit to make consumer purchases.

JEL-codes: D14 I21 O12 O16 (search for similar items in EconPapers)
Date: 2016
Note: DOI: 10.1257/app.20150149
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Citations: View citations in EconPapers (82)

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