The effects of financial literacy training: Evidence from a field experiment in German high schools

Joachim Winter (), Melanie Lührmann and Marta Serra Garcia

VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order from Verein für Socialpolitik / German Economic Association

Abstract: We report the results of a field experiment evaluating the impact of financial literacy training on teenagers between 14 and 16 years in German high schools. After the training, treated teenagers exhibit a significant increase in both interest in financial matters and self-assessed knowledge relative to the control group. We also find a strong decrease in the prevalence of impulse purchases after the training, suggesting that teenagers become more sovereign consumers. Our data reveals strong gender differences in financial matters already before adulthood: Girls show less interest in and self-assessed knowledge about financial matters, and are less likely to save.

JEL-codes: C93 D14 D91 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-exp
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc13:79744

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