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 knowl...
| Main Authors: | , , , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/12/18640673/impact-high-school-financial-education-experimental-evidence-brazil http://hdl.handle.net/10986/16940 |
| Summary: | 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. |
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