Can a Budget Recording Tool Teach Financial Skills to Youth?: Experimental Evidence from a Financial Diaries Study

Veronica Frisancho, Alejandro Herrera and Silvia Prina

No 11661, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: We study the impact of a mobile app to record daily financial transactions, coupled with enumerator monitoring visits every two weeks, on youths' investment in financial literacy and financial behavior. The treatment led to a positive and statistically significant effect on financial literacy scores and greater awareness of market prices. Youth in the treatment group experienced significant improvements in access to credit. These effects persist eight months after the intervention is over.

Keywords: Financial diaries; Financial literacy (search for similar items in EconPapers)
JEL-codes: C93 D90 G41 G53 O12 O16 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-exp, nep-fle and nep-pay
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publications.iadb.org/publications/english ... al-Diaries-Study.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:11661

DOI: 10.18235/0003691

Access Statistics for this paper

More papers in IDB Publications (Working Papers) from Inter-American Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library ().