The effects of parental involvement in homework. Two randomised controlled trials in financial education

Joana Elisa Maldonado, Kristof De Witte and Koen Declercq

No 645427, Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven

Abstract: Based on two randomised controlled trials with a total of 2,779 students from grade 8 and 9 in Flanders, we provide causal evidence on the effects of parental involvement on students’ learning in a financial education course. Using an experimental design with three treatment groups, the impact of parental involvement in homework is distinguished from the standalone impact of the classroom intervention and homework itself. Intention-to-treat analysis reveals that the intervention effectively improves students’ knowledge and behaviour. The classroom intervention used in conjugation with a homework assignment that the students complete with the help of their parents increases financial literacy scores by 0.37 standard deviations. On average, the added value of involving parents in homework is not significant, but involving parents has significant positive effects on behaviour for disadvantaged students. As a potential underlying mechanism it is observed that the parental involvement intervention significantly increases family communication between students and parents about the course topics.

Keywords: Financial Literacy; Parental Involvement; Randomised Controlled Trial; Education (search for similar items in EconPapers)
Pages: 68
Date: 2019
New Economics Papers: this item is included in nep-edu, nep-exp, nep-fle and nep-ure
Note: paper number DPS 19.14
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Published in FEB Research Report Department of Economics

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Related works:
Journal Article: The effects of parental involvement in homework: two randomised controlled trials in financial education (2022)
Working Paper: The effects of parental involvement in homework. Two randomised controlled trials in financial education (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:645427

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