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Does financial literacy of parents matter for the educational outcome of children?

Noemi Oggero () and Mariacristina Rossi ()
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Noemi Oggero: CeRP-Collegio Carlo Alberto

No 164, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: In this paper we analyse the academic outcomes of children and we correlate them to the educational level of their parents, including financial literacy as one of the main determinants. Financial literacy might increase the consciousness of the return to education, increasing the willingness to send children to further education. Our empirical results indeed prove that this is the case for Italian households.

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Date: 2016-10
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