EconPapers    
Economics at your fingertips  
 

The Impact of High School Financial Education on Financial Knowledge and Choices: Evidence from a Randomized Trial in Spain

Olympia Bover (), Laura Hospido () and Ernesto Villanueva ()

No 11265, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We conducted a randomized controlled trial where 3,000 9th grade students coming from 78 high schools received a financial education course at different points of the year. Right after the treatment, test performance increased by 16% of one standard deviation, treated youths were more likely to become involved in financial matters at home and showed more patience in hypothetical saving choices. In an incentivized saving task conducted three months after, treated students made more patient choices than a control group of 10th graders. Within randomization strata, the main impacts are also statistically significant in public schools, which over-represent disadvantaged students.

Keywords: financial education; impact evaluation (search for similar items in EconPapers)
JEL-codes: D14 D91 I22 J24 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2018-01
New Economics Papers: this item is included in nep-edu, nep-exp and nep-fle
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://ftp.iza.org/dp11265.pdf (application/pdf)

Related works:
Working Paper: The impact of high school financial education on financial knowledge and choices: evidence from a randomized trial in Spain (2018) Downloads
Working Paper: The Impact of High School Financial Education on Financial Knowledge and Choices: Evidence from a Randomized Trial in Spain (2018) Downloads
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:iza:izadps:dp11265

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2021-06-17
Handle: RePEc:iza:izadps:dp11265