Does state-mandated financial education reduce high school graduation rates?

Carly Urban

Economics of Education Review, 2023, vol. 95, issue C

Abstract: Concerned about low levels of financial literacy among teens and the importance of their looming financial decisions as emerging adults, state policymakers have expanded high school personal finance graduation requirements. Did these added requirements create an additional barrier for students? Comparing students in states with and without standalone personal finance course requirements before and after the requirements went into place, I provide evidence that these requirements did not reduce graduation rates overall, by race, by gender, or by family income. Existing research quantifies improvements in debt and credit behaviors, and these findings suggest there are not simultaneous adverse effects overall or for at-risk students.

Keywords: High school graduation; Personal finance; Financial education (search for similar items in EconPapers)
JEL-codes: D14 G53 I24 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:95:y:2023:i:c:s0272775723000742

DOI: 10.1016/j.econedurev.2023.102427

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