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'Four Bright Coins Shining at Me’. Financial Education in Childhood, Financial Confidence in Adulthood

Elsa Fornero (), Mariacristina Rossi () and Dario Sansone ()
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Elsa Fornero: University of Turin and CeRP-Collegio Carlo Alberto

No 162, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: We show that receiving an allowance (pocket money) between age 8 and 12 increases financial confidence in adulthood. We measure the level of confidence using the self-reported financial knowledge. We carry out the analysis by using a Dutch survey conducted in 2015. We estimate causal effects by controlling for parental attitudes and using a “within family” fixed effect.

Date: 2016-07
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Journal Article: “Four Bright Coins Shining at Me”: Financial Education in Childhood, Financial Confidence in Adulthood (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:162

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