The Impact of High School Financial Education : Experimental Evidence from Brazil
This paper studies the impact of a comprehensive financial education program spanning six states, 868 schools, and approximately 20,000 high school students in Brazil through a randomized control trial. The program increased student financial knowledge by a quarter of a standard deviation and led to a 1.4 percentage point increase in saving for purchases, better likelihood of financial planning, and greater participation in household financial decisions by students. "Trickle-up" impacts on parents were also significant, with improvements in parent financial knowledge, savings, and spending behavior. The study also finds evidence that the program affected students' inter-temporal preferences and attitudes.
| Main Authors: | , , , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013-12
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| Subjects: | FINANCIAL PLANNING, HOUSEHOLD FINANCIAL DECISIONS, HIGH SCHOOL FINANCIAL EDUCATION, INTER-TEMPORAL ATTITUDES, PARENTAL FINANCIAL KNOWLEDGE, SAVINGS, SPENDING BEHAVIOR, |
| Online Access: | http://documents.worldbank.org/curated/en/2013/12/18640673/impact-high-school-financial-education-experimental-evidence-brazil https://hdl.handle.net/10986/16940 |
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