EconPapers    
Economics at your fingertips  
 

Teaching teenagers in finance: does it work?

Melanie Lührmann (), Marta Serra-Garcia and Joachim Winter ()

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: Many initiatives worldwide aim at improving financial literacy through targeted education programs, yet there is little evidence regarding their effectiveness. We examine the impact of a short financial education program on teenagers in German high schools. Our findings reveal that the training program significantly increases teenagers' interest in financial matters and their financial knowledge, especially their ability to properly assess the riskiness of assets. Behaviorally, we observe a decrease in the prevalence of self-reported impulse purchases, but at the same time find no evidence of a significant increase in savings. Our data reveals strong gender differences already before adulthood: Girls show less interest in, and self-assessed knowledge of, financial matters, and are less likely to save.

JEL-codes: C93 D14 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-cbe, nep-eur and nep-exp
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)
https://epub.ub.uni-muenchen.de/14101/1/Luhrmann%2 ... ers_december2013.pdf (application/pdf)

Related works:
Journal Article: Teaching teenagers in finance: Does it work? (2015) 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:lmu:muenec:14101

Access Statistics for this paper

More papers in Discussion Papers in Economics from University of Munich, Department of Economics Ludwigstr. 28, 80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Tamilla Benkelberg ().

 
Page updated 2022-01-07
Handle: RePEc:lmu:muenec:14101