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The impact of an online game-based financial education course: Multi-country experimental evidence

Author

Listed:
  • Cannistrà, Marta
  • De Beckker, Kenneth
  • Agasisti, Tommaso
  • Amagir, Aisa
  • Põder, Kaire
  • Vartiak, Lukáš
  • De Witte, Kristof

Abstract

This paper evaluates the impact of an online game-based financial education tool on students' financial literacy levels. By conducting a Randomized Controlled Trial (RCT) involving 2,220 students across four countries in a multi-country experimental setting, we demonstrate that the intervention significantly enhances students' financial literacy levels by 0.313 SD. This study contributes to the emerging academic literature concerning the evaluation of financial education interventions that incorporate learning-by-playing. The participation of students from four countries adds relevance by facilitating cross-comparison of outcomes and stimulating discussions about country-specific factors and peculiarities influencing youth financial literacy.

Suggested Citation

  • Cannistrà, Marta & De Beckker, Kenneth & Agasisti, Tommaso & Amagir, Aisa & Põder, Kaire & Vartiak, Lukáš & De Witte, Kristof, 2024. "The impact of an online game-based financial education course: Multi-country experimental evidence," Journal of Comparative Economics, Elsevier, vol. 52(4), pages 825-847.
    • Handle: RePEc:eee:jcecon:v:52:y:2024:i:4:p:825-847
    DOI: 10.1016/j.jce.2024.08.001
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    More about this item

    Keywords

    Financial Education; RCT; Game-based approach; Cross-country analysis;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

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