The Impact of High School Financial Education : Experimental Evidence from Brazil

• Tác giả: Luciana de Souza Leao
• Ngôn ngữ: eng
• Ký hiệu phân loại: 869.94 *Portuguese literature
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 319989
• Chủ đề: 1. FINANCIAL PLANNING; 2. HIGH SCHOOL FINANCIAL EDUCATION; 3. HOUSEHOLD FINANCIAL DECISIONS; 4. INTER-TEMPORAL ATTITUDES; 5. PARENTAL FINANCIAL KNOWLEDGE

Tóm tắt

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.