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Titel
The impact of high school financial education on financial knowledge and choices: evidence from a randomized trial in Spain / Olympia Bover (Banco de España), Laura Hospido (Banco de España and IZA), Ernesto Villanueva (Banco de España) ; IZA Institute of Labor Economics
VerfasserBover, Olympia In der Gemeinsamen Normdatei der DNB nachschlagen ; Hospido, Laura In der Gemeinsamen Normdatei der DNB nachschlagen ; Villanueva, Ernesto In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, January 2018
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Elektronische Ressource
Umfang1 Online-Ressource (40 Seiten) : Diagramme
SerieDiscussion paper ; no. 11265
URNurn:nbn:de:hbz:5:2-147162 Persistent Identifier (URN)
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 Das Dokument ist frei verfügbar.
Volltexte
The impact of high school financial education on financial knowledge and choices: evidence from a randomized trial in Spain [0.37 mb]
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Zusammenfassung

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.