The Impact of Financial Education for Youth in Ghana

Dean Karlan, James Berry and Menno Pradhan

No 10529, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We evaluate, using a randomized trial, two school-based financial literacy education programs in government-run primary and junior high schools in Ghana. One program integrated financial and social education, whereas the second program only offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked money box. After nine months, both programs had significant impacts on savings behavior relative to the control group, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education, when not accompanied by social education, led children to work more compared to the control group, whereas no such effect is found for the integrated curriculum; however, the difference between the two treatment effects on child labor is not statistically significant.

Keywords: Financial literacy; Youth finance; Savings (search for similar items in EconPapers)
JEL-codes: D14 J22 J24 O12 (search for similar items in EconPapers)
Date: 2015-04
New Economics Papers: this item is included in nep-mfd
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Citations: View citations in EconPapers (26)

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Related works:
Journal Article: The Impact of Financial Education for Youth in Ghana (2018)
Working Paper: The Impact of Financial Education for Youth in Ghana (2015)
Working Paper: The Impact of Financial Education for Youth in Ghana (2015)
Working Paper: The Impact of Financial Education for Youth in Ghana (2015)
Working Paper: The Impact of Financial Education for Youth in Ghana (2015)
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