IDEAS home Printed from https://ideas.repec.org/a/aea/aejapp/v8y2016i4p256-95.html
   My bibliography  Save this article

The Impact of High School Financial Education: Evidence from a Large-Scale Evaluation in Brazil

Author

Listed:
  • Miriam Bruhn
  • Luciana de Souza Leão
  • Arianna Legovini
  • Rogelio Marchetti
  • Bilal Zia

Abstract

We study the impact of a comprehensive high school financial education program spanning 6 states, 892 schools, and approximately 25,000 students in Brazil through a randomized control trial. The program increased student financial proficiency by a quarter of a standard deviation and raised grade-level passing rates. Short-term financial behaviors, however, show mixed results with significant improvements in students' savings and budgeting as well as positive spillovers to parents, but also an increase in students' use of expensive credit to make consumer purchases.

Suggested Citation

  • Miriam Bruhn & Luciana de Souza Leão & Arianna Legovini & Rogelio Marchetti & Bilal Zia, 2016. "The Impact of High School Financial Education: Evidence from a Large-Scale Evaluation in Brazil," American Economic Journal: Applied Economics, American Economic Association, vol. 8(4), pages 256-295, October.
    • Handle: RePEc:aea:aejapp:v:8:y:2016:i:4:p:256-95
    Note: DOI: 10.1257/app.20150149
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/articles?id=10.1257/app.20150149
    Download Restriction: no
    File URL: https://www.aeaweb.org/articles/attachments?retrieve=5Y8QQ8Bcd-Vc8OiZbsfLsnqS-6nTocD6
    Download Restriction: no
    File URL: https://www.aeaweb.org/articles/attachments?retrieve=HXdr3q31w5LpnMiRJx2UUgm0zTlt7HLc
    Download Restriction: no
    File URL: https://www.aeaweb.org/articles/attachments?retrieve=2HxH7edUrukFAqdcX5rHgRSrMFp5lgXB
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    ---><---

    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:aejapp:v:8:y:2016:i:4:p:256-95. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.