Experiential financial education. Assessing the effectiveness of a Banca d'Italia museum exhibition

Valentina Maria Andreucci (), Alessio D'Ignazio, Francesca Festa (), Marialucia Longo () and Francesco Rossetti ()
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Valentina Maria Andreucci: Bank of Italy
Francesca Festa: Bank of Italy
Marialucia Longo: Bank of Italy
Francesco Rossetti: Bank of Italy

No 943, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: We investigate the impact of a museum exhibition on the financial literacy of young people. The exhibition, titled 'The Adventure of Money', took place in Rome between October 2023 and June 2024. It offered a preview of Banca d’Italia's upcoming Money Museum, which aims to stimulate interest in the main events in the history of money and finance. In order to evaluate the effectiveness of the exhibition, we conducted a randomized control trial with about 600 students from 19 Italian upper secondary schools. The results show an improvement in the students' financial knowledge, as evidenced by an increase of around one third in their initial test scores. The results also show that the exhibition had a greater impact on female students. Finally, no learning decay was observed within the first month following the exhibition.

Keywords: financial education; museum/informal learning; randomized control trials (search for similar items in EconPapers)
JEL-codes: C93 G53 I20 (search for similar items in EconPapers)
Date: 2025-06
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