The Long-Term Impact of High School Financial Education

• Tác giả: Gabriel Garber
• Ngôn ngữ: eng
• Ký hiệu phân loại: 207.11 Missions and religious education [formerly 291.71
• Thông tin xuất bản: World Bank, Washington, DC, 2022
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 292086
• Chủ đề: 1. FINANCIAL EDUCATION; 2. FINANCIAL LITERACY; 3. HIGHSCHOOL EDUCATION; 4. PERSONAL CREDIT USAGE; 5. YOUTH ECONOMIC DEVELOPMENT

Tóm tắt

In 2011, the impact of a comprehensive financial education program was studied through a randomized controlled trial with 892 high schools in six Brazilian states. Using administrative data, this paper follows 16,000 students for the next nine years. The short-term findings were that the treatment students used expensive credit and were behind on payments. By contrast, in the long-term, treatment students were less likely to borrow from expensive sources and to have loans with late payments than control students. Treatment students were also more likely to own microenterprises and less likely to be formally employed than control students.