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How effective is financial education? Evidence from the Emilia-Romagna region

Author

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  • Stefania Mignani

    (Department of Statistical Sciences, University of Bologna, Italy)

  • Marcello Pagnini

    (economic research unit, Bologna branch, Bank of Italy; Rimini Centre for Economic Analysis)

Abstract

This paper describes the results from a questionnaire administered to students of schools in the Emilia-Romagna Region who participated in the Banca d'Italia-Miur project in the field of economic and financial education during the 2016-7 school year. The results show a significant increase in students' knowledge following a 10-hour course attended by schools teachers and held by personnel of the Bank of Italy. In particular, between the pre and post teaching activity phase, students increased the number of correct answers by about 5 units out of the 30 items in the questionnaire, compared to the improvement achieved by a group of students not involved in the teaching activity linked to the course held by the Bank of Italy. Our findings are robust to a wide set of controls suggested by literature on the topic.

Suggested Citation

  • Stefania Mignani & Marcello Pagnini, 2021. "How effective is financial education? Evidence from the Emilia-Romagna region," Working Paper series 21-08, Rimini Centre for Economic Analysis.
    • Handle: RePEc:rim:rimwps:21-08
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    Cited by:

    1. Philippe Moës, 2012. "Multivariate models with dual cycles: implications for output gap and potential growth measurement," Empirical Economics, Springer, vol. 42(3), pages 791-818, June.

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