PT  - JOURNAL ARTICLE
AU  - Bover, Olympia
AU  - Hospido, Laura
AU  - Villanueva, Ernesto
TI  - The Impact of High School Financial Education on Financial Knowledge and Saving Choices
AID  - 10.3368/jhr.0720-11049R2
DP  - 2024 Jan 08
TA  - Journal of Human Resources
PG  - 0720-11049R2
4099  - http://jhr.uwpress.org/content/early/2024/01/02/jhr.0720-11049R2.short
4100  - http://jhr.uwpress.org/content/early/2024/01/02/jhr.0720-11049R2.full
AB  - We conducted a randomized controlled trial where 3,000 9th grade students in 77 high schools received a financial education course at different points of the year. Right after the treatment, treated students obtained 18% of one standard deviation higher scores in financial tests 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, financial education shifted upward the distribution of low scores and patience in public schools, which over-represent disadvantaged students, but not in non-public ones.