Financial education on secondary school students: the randomized experiment revisited
AbstractWe analyze the effects of financial education on a large sample of secondary school students with a randomized experiment performed in the Center (Rome) and North (Milan and Genova) of Italy. Our main findings document that the course increases significantly financial literacy at both student and class level but the effect is different in different urban environments. More specifically, we document that the overall (questionnaire plus course) learning effect is significantly higher in the North than in Rome. We finally observe that high grades at final middle school exams, willingness to attend Economics at University and household borrowing status are three factors which significantly and positively affect financial education.
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Bibliographic InfoPaper provided by Econometica in its series Econometica Working Papers with number wp34.
Date of creation: Dec 2011
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financial education; financial literacy; demand for money balances; randomized experiment;
Other versions of this item:
- Becchetti, Leonardo & Pisani, Fabio, 2012. "Financial education on secondary school students: the randomized experiment revisited," AICCON Working Papers 98-2012, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- NEP-ALL-2012-01-25 (All new papers)
- NEP-EDU-2012-01-25 (Education)
- NEP-LAB-2012-01-25 (Labour Economics)
- NEP-URE-2012-01-25 (Urban & Real Estate Economics)
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