RT Journal Article
SR Electronic
T1 The Impact of High School Financial Education on Financial Knowledge and Saving Choices
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 0720-11049R2
DO 10.3368/jhr.0720-11049R2
A1 Bover, Olympia
A1 Hospido, Laura
A1 Villanueva, Ernesto
YR 2024
UL http://jhr.uwpress.org/content/early/2024/01/02/jhr.0720-11049R2.abstract
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.