The impact of an online game-based financial education course: Multi-country experimental evidence
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jce.2024.08.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- T. Agasisti & M. Cannistrà & M. Soncin & D. Marazzina, 2022. "Financial Education during COVID-19 - Assessing the effectiveness of an online programme in a high school," Applied Economics, Taylor & Francis Journals, vol. 54(35), pages 4006-4029, July.
- Bruce Ian Carlin & David T. Robinson, 2012.
"What Does Financial Literacy Training Teach Us?,"
The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 235-247, July.
- Bruce Ian Carlin & David T. Robinson, 2010. "What Does Financial Literacy Training Teach Us?," NBER Working Papers 16271, National Bureau of Economic Research, Inc.
- Berry, James & Karlan, Dean & Pradhan, Menno, 2018.
"The Impact of Financial Education for Youth in Ghana,"
World Development, Elsevier, vol. 102(C), pages 71-89.
- Karlan, Dean S. & Berry, James & Pradhan, Menno, 2015. "The Impact of Financial Education for Youth in Ghana," Center Discussion Papers 201692, Yale University, Economic Growth Center.
- James Berry & Dean Karlan & Menno Pradhan, 2015. "The Impact of Financial Education for Youth in Ghana," Tinbergen Institute Discussion Papers 15-043/V, Tinbergen Institute.
- Dean Karlan & James Berry & Menno Pradhan, 2015. "The Impact of Financial Education for Youth in Ghana," Working Papers 1048, Economic Growth Center, Yale University.
- James Berry & Dean Karlan & Menno Pradhan, 2015. "The Impact of Financial Education for Youth in Ghana," NBER Working Papers 21068, National Bureau of Economic Research, Inc.
- Karlan, Dean & Berry, James & Pradhan, Menno, 2015. "The Impact of Financial Education for Youth in Ghana," CEPR Discussion Papers 10529, C.E.P.R. Discussion Papers.
- Tim Kaiser & Lukas Menkhoff, 2017.
"Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?,"
The World Bank Economic Review, World Bank, vol. 31(3), pages 611-630.
- Tim Kaiser & Lukas Menkhoff, 2016. "Does Financial Education Impact Financial Literacy and Financial Behavior, and if So, When?," Discussion Papers of DIW Berlin 1562, DIW Berlin, German Institute for Economic Research.
- Kaiser,Tim & Menkhoff,Lukas, 2017. "Does financial education impact financial literacy and financial behavior, and if so, when ?," Policy Research Working Paper Series 8161, The World Bank.
- Kaiser, Tim & Menkhoff, Lukas, 2017. "Does Financial Education Impact Financial Literacy and Financial Behavior, and if so, When?," Rationality and Competition Discussion Paper Series 37, CRC TRR 190 Rationality and Competition.
- Lusardi, Annamaria & Tufano, Peter, 2015.
"Debt literacy, financial experiences, and overindebtedness,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 14(4), pages 332-368, October.
- Annamaria Lusardi & Peter Tufano, 2009. "Debt Literacy, Financial Experiences, and Overindebtedness," CeRP Working Papers 83, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Peter Tufano, 2009. "Debt Literacy, Financial Experiences, and Overindebtedness," NBER Working Papers 14808, National Bureau of Economic Research, Inc.
- Lusardi, Annamaria & Tufano, Peter, 2009. "Debt literacy, financial experiences, and overindebtedness," CFS Working Paper Series 2009/08, Center for Financial Studies (CFS).
- Kaiser, Tim & Menkhoff, Lukas, 2020.
"Financial education in schools: A meta-analysis of experimental studies,"
Economics of Education Review, Elsevier, vol. 78(C).
- Tim Kaiser & Lukas Menkhoff, 2018. "Financial Education in Schools: A Meta-Analysis of Experimental Studies," CESifo Working Paper Series 7395, CESifo.
- Kaiser, Tim & Menkhoff, Lukas, 2019. "Financial Education in Schools: A Meta-Analysis of Experimental Studies," Rationality and Competition Discussion Paper Series 187, CRC TRR 190 Rationality and Competition.
- Veronica Frisancho, 2023. "Is School-Based Financial Education Effective? Immediate and Long-Lasting Impacts on High School Students," The Economic Journal, Royal Economic Society, vol. 133(651), pages 1147-1180.
- Iterbeke, Kaat & De Witte, Kristof & Declercq, Koen & Schelfhout, Wouter, 2020.
"The effect of ability matching and differentiated instruction in financial literacy education. Evidence from two randomised control trials,"
Economics of Education Review, Elsevier, vol. 78(C).
- Kaat Iterbeke & Kristof De Witte & Koen Declercq & Wouter Schelfhout, 2019. "The Effect of Ability Matching and Differentiated Instruction in Financial Literacy Education. Evidence from Two Randomised Control Trials," CESifo Working Paper Series 7997, CESifo.
- Annamaria Lusardi & Olivia S. Mitchell, 2017.
"How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness,"
Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 7(03), pages 1-31, September.
- Annamaria Lusardi & Olivia S. Mitchell, 2009. "How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness," NBER Working Papers 15350, National Bureau of Economic Research, Inc.
- Lusardi, Annamaria & Mitchell, Olivia S., 2010. "How ordinary consumers make complex economic decisions: Financial literacy and retirement readiness," CFS Working Paper Series 2010/11, Center for Financial Studies (CFS).
- Annamaria Lusardi & Olivia S. Mitchell, 2009. "How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness," CeRP Working Papers 90, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Olivia S. Mitchell, 2014.
"The Economic Importance of Financial Literacy: Theory and Evidence,"
Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," CeRP Working Papers 134, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Annamaria Lusardi & Olivia S. Mitchell, 2013. "The Economic Importance of Financial Literacy: Theory and Evidence," NBER Working Papers 18952, National Bureau of Economic Research, Inc.
- Bover, Olympia & Hospido, Laura & Villanueva, Ernesto, 2018.
"The Impact of High School Financial Education on Financial Knowledge and Choices: Evidence from a Randomized Trial in Spain,"
IZA Discussion Papers
11265, Institute of Labor Economics (IZA).
- Olympia Bover & Laura Hospido & Ernesto Villanueva, 2018. "The impact of high school financial education on financial knowledge and choices: evidence from a randomized trial in Spain," Working Papers 1801, Banco de España.
- Bover, Olympia & Hospido, Laura & Villanueva, Ernesto, 2018. "The Impact of High School Financial Education on Financial Knowledge and Choices: Evidence from a Randomized Trial in Spain," CEPR Discussion Papers 12632, C.E.P.R. Discussion Papers.
- Billari, Francesco C. & Favero, Carlo A. & Saita, Francesco, 2023.
"Online financial and demographic education for workers: Experimental evidence from an Italian Pension Fund,"
Journal of Banking & Finance, Elsevier, vol. 151(C).
- Billari, Francesco & Favero, Carlo A. & Saita, Francesco, 2022. "Online financial and demographic education for workers: experimental evidence from an Italian Pension Fund," CEPR Discussion Papers 17609, C.E.P.R. Discussion Papers.
- Annamaria Lusardi & Andrea Hasler & Paul J. Yakoboski, 2021. "Building up financial literacy and financial resilience," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 20(2), pages 181-187, November.
- Frisancho, Veronica, 2020.
"The impact of financial education for youth,"
Economics of Education Review, Elsevier, vol. 78(C).
- Frisancho, Verónica, 2019. "The Impact of Financial Education for Youth," IDB Publications (Working Papers) 9809, Inter-American Development Bank.
- Panu Kalmi & Jaana Rahko, 2022. "The effects of game-based financial education: New survey evidence from lower-secondary school students in Finland," The Journal of Economic Education, Taylor & Francis Journals, vol. 53(2), pages 109-125, March.
- Batty, Michael & Collins, J. Michael & O’Rourke, Collin & Odders-White, Elizabeth, 2020. "Experiential financial education: A field study of my classroom economy in elementary schools," Economics of Education Review, Elsevier, vol. 78(C).
- Declan French & Donal McKillop & Elaine Stewart, 2020. "The effectiveness of smartphone apps in improving financial capability," The European Journal of Finance, Taylor & Francis Journals, vol. 26(4-5), pages 302-318, March.
- Melanie Lührmann & Marta Serra-Garcia & Joachim Winter, 2018.
"The Impact of Financial Education on Adolescents' Intertemporal Choices,"
American Economic Journal: Economic Policy, American Economic Association, vol. 10(3), pages 309-332, August.
- Melanie Lührmann & Marta Serra-Garcia & Joachim Winter, 2014. "The Impact of Financial Education on Adolescents' Intertemporal Choices," CESifo Working Paper Series 4925, CESifo.
- Luhrmann, Melanie & Serra-Garcia, Marta & Winter, Joachim, 2018. "The Impact of Financial Education on Adolescents' Intertemporal Choices," Munich Reprints in Economics 62840, University of Munich, Department of Economics.
- Melanie Lührmann & Marta Serra-Garcia & Joachim K. Winter, 2014. "The impact of financial education on adolescents' intertemporal choices," IFS Working Papers W14/18, Institute for Fiscal Studies.
- Rodriguez-Raga, Santiago & Martinez-Camelo, Natalia, 2022. "Game, guide or website for financial education improvement: Evidence from an experiment in Colombian schools," Journal of Behavioral and Experimental Finance, Elsevier, vol. 33(C).
- Kaiser, Tim & Lusardi, Annamaria & Menkhoff, Lukas & Urban, Carly, 2022.
"Financial education affects financial knowledge and downstream behaviors,"
Journal of Financial Economics, Elsevier, vol. 145(2), pages 255-272.
- Tim Kaiser & Annamaria Lusardi & Lukas Menkhoff & Carly Urban, 2020. "Financial Education Affects Financial Knowledge and Downstream Behaviors," Discussion Papers of DIW Berlin 1864, DIW Berlin, German Institute for Economic Research.
- Kaiser, Tim & Lusardi, Annamaria & Menkhoff, Lukas & Urban, Carly, 2020. "Financial Education Affects Financial Knowledge and Downstream Behaviors," IZA Discussion Papers 13178, Institute of Labor Economics (IZA).
- Tim Kaiser & Annamaria Lusardi & Lukas Menkhoff & Carly J. Urban, 2020. "Financial Education Affects Financial Knowledge and Downstream Behaviors," NBER Working Papers 27057, National Bureau of Economic Research, Inc.
- Lusardi, Annamaria & Kaiser, Tim & Menkhoff, Lukas & Urban, Carly, 2020. "Financial education affects financial knowledge and downstream behaviors," CEPR Discussion Papers 14741, C.E.P.R. Discussion Papers.
- Kaiser, Tim & Lusardi, Annamaria & Menkhoff, Lukas & Urban, Carly, 2020. "Financial Education Affects Financial Knowledge and Downstream Behaviors," Rationality and Competition Discussion Paper Series 240, CRC TRR 190 Rationality and Competition.
- 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.
- Sconti, Alessia, 2022. "Digital vs. in-person financial education: What works best for Generation Z?," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 300-318.
- Angel, Stefan, 2018. "Smart tools? A randomized controlled trial on the impact of three different media tools on personal finance," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 74(C), pages 104-111.
- Oberrauch, Luis & Kaiser, Tim, 2024. "Digital Interventions to Increase Financial Knowledge: Evidence from a Pilot RCT," IZA Discussion Papers 16811, Institute of Labor Economics (IZA).
- Joana Elisa Maldonado & Kristof De Witte & Koen Declercq, 2022.
"The effects of parental involvement in homework: two randomised controlled trials in financial education,"
Empirical Economics, Springer, vol. 62(3), pages 1439-1464, March.
- Joana Elisa Maldonado & Kristof De Witte & Koen Declercq, 2019. "The effects of parental involvement in homework. Two randomised controlled trials in financial education," Working Papers of LEER - Leuven Economics of Education Research 645427, KU Leuven, Faculty of Economics and Business (FEB), LEER - Leuven Economics of Education Research.
- Joana Elisa Maldonado & Kristof De Witte & Koen Declercq, 2019. "The effects of parental involvement in homework. Two randomised controlled trials in financial education," Working Papers of Department of Economics, Leuven 645427, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Lührmann, Melanie & Serra-Garcia, Marta & Winter, Joachim, 2015.
"Teaching teenagers in finance: Does it work?,"
Journal of Banking & Finance, Elsevier, vol. 54(C), pages 160-174.
- Lührmann, Melanie & Serra-Garcia, Marta & Winter, Joachim, 2012. "Teaching teenagers in finance: does it work?," Discussion Papers in Economics 14101, University of Munich, Department of Economics.
- Kenneth De Beckker & Kristof De Witte & Geert Van Campenhout, 2020. "The role of national culture in financial literacy: Cross‐country evidence," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(3), pages 912-930, September.
- J. Michael Collins & Elizabeth Odders-White, 2015. "A Framework for Developing and Testing Financial Capability Education Programs Targeted to Elementary Schools," The Journal of Economic Education, Taylor & Francis Journals, vol. 46(1), pages 105-120, March.
- Shephard, Daniel D. & Kaneza, Yves V. & Moclair, Paul, 2017. "What curriculum? Which methods? A cluster randomized controlled trial of social and financial education in Rwanda," Children and Youth Services Review, Elsevier, vol. 82(C), pages 310-320.
- Woodcock, Jamie & Johnson, Mark R., 2018. "Gamification: what it is, and how to fight it," LSE Research Online Documents on Economics 86373, London School of Economics and Political Science, LSE Library.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sconti, Alessia & Caserta, Maurizio & Ferrante, Livio, 2024. "Gen Z and financial education: Evidence from a randomized control trial in the South of Italy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 112(C).
- Luis Oberrauch & Tim Kaiser, 2024. "Financial Education or Incentivizing Learning-by-Doing? Evidence from an RCT with Undergraduate Students," CESifo Working Paper Series 11187, CESifo.
- Oberrauch, Luis & Kaiser, Tim, 2024. "Financial Education or Incentivizing Learning-By-Doing? Evidence from an RCT with Undergraduate Students," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
- Joana Elisa Maldonado & Kristof De Witte & Koen Declercq, 2022.
"The effects of parental involvement in homework: two randomised controlled trials in financial education,"
Empirical Economics, Springer, vol. 62(3), pages 1439-1464, March.
- Joana Elisa Maldonado & Kristof De Witte & Koen Declercq, 2019. "The effects of parental involvement in homework. Two randomised controlled trials in financial education," Working Papers of Department of Economics, Leuven 645427, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Joana Elisa Maldonado & Kristof De Witte & Koen Declercq, 2019. "The effects of parental involvement in homework. Two randomised controlled trials in financial education," Working Papers of LEER - Leuven Economics of Education Research 645427, KU Leuven, Faculty of Economics and Business (FEB), LEER - Leuven Economics of Education Research.
- Kaiser, Tim & Oberrauch, Luis, 2021.
"Economic education at the expense of indoctrination? Evidence from Germany,"
EconStor Preprints
245801, ZBW - Leibniz Information Centre for Economics.
- Kaiser, Tim & Oberrauch, Luis, 2022. "Economic Education at the Expense of Indoctrination? Evidence from Germany," VfS Annual Conference 2022 (Basel): Big Data in Economics 264045, Verein für Socialpolitik / German Economic Association.
- Frisancho, Veronica & Herrera, Alejandro & Prina, Silvia, 2023.
"Can a mobile-app-based behavioral intervention teach financial skills to youth? Experimental evidence from a financial diaries study,"
Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 595-614.
- Frisancho, Veronica & Herrera, Alejandro & Prina, Silvia, 2023. "Can a Mobile-App-Based Behavioral Intervention Teach Financial Skills to Youth? Experimental Evidence from a Financial Diaries Study," IZA Discussion Papers 16304, Institute of Labor Economics (IZA).
- De Beckker, Kenneth & De Witte, Kristof & Van Campenhout, Geert, 2021. "The effect of financial education on students’ consumer choices: Evidence from a randomized experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 962-976.
- Lusardi, Annamaria & Kaiser, Tim, 2024.
"Financial literacy and financial education: An overview,"
CEPR Discussion Papers
19185, C.E.P.R. Discussion Papers.
- Tim Kaiser & Annamaria Lusardi, 2024. "Financial Literacy and Financial Education: An Overview," CESifo Working Paper Series 11070, CESifo.
- Tim Kaiser & Annamaria Lusardi, 2024. "Financial Literacy and Financial Education: An Overview," NBER Working Papers 32355, National Bureau of Economic Research, Inc.
- Kaiser, Tim & Lusardi, Annamaria, 2024. "Financial Literacy and Financial Education: An Overview," IZA Discussion Papers 16926, Institute of Labor Economics (IZA).
- Sconti, Alessia, 2022. "Digital vs. in-person financial education: What works best for Generation Z?," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 300-318.
- Rodriguez-Raga, Santiago & Martinez-Camelo, Natalia, 2022. "Game, guide or website for financial education improvement: Evidence from an experiment in Colombian schools," Journal of Behavioral and Experimental Finance, Elsevier, vol. 33(C).
- Kaiser, Tim & Menkhoff, Lukas, 2022.
"Active learning improves financial education: Experimental evidence from Uganda,"
Journal of Development Economics, Elsevier, vol. 157(C).
- Tim Kaiser & Lukas Menkhoff, 2022. "Active Learning Improves Financial Education: Experimental Evidence from Uganda," CESifo Working Paper Series 9661, CESifo.
- Oberrauch, Luis & Kaiser, Tim, 2024. "Digital Interventions to Increase Financial Knowledge: Evidence from a Pilot RCT," IZA Discussion Papers 16811, Institute of Labor Economics (IZA).
- Kaiser, Tim & Menkhoff, Lukas, 2022. "Active learning improves financial education: Experimental evidence from Uganda," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 157.
- Veronica Frisancho, 2023. "Is School-Based Financial Education Effective? Immediate and Long-Lasting Impacts on High School Students," The Economic Journal, Royal Economic Society, vol. 133(651), pages 1147-1180.
- Piza,Caio & Furtado,Isabela Brandao & Amorim,Vivian De Fatima, 2023. "Experimental Evaluation of a Financial Education Program in Elementary and Middle School Grades," Policy Research Working Paper Series 10511, The World Bank.
- Daniele Chiavenato & Ricardo A. Madeira & Vitor Vaccaro, 2024. "Does financial education impact school attainment? Experimental evidence from Brazil," Nova SBE Working Paper Series wp666, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Andrej Cupák & Pirmin Fessler & Maria Silgoner & Elisabeth Ulbrich, 2021.
"Exploring Differences in Financial Literacy Across Countries: The Role of Individual Characteristics and Institutions,"
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(2), pages 409-438, December.
- Andrej Cupak & Pirmin Fessler & Maria Antoinette Silgoner & Elisabeth Ulbrich, 2018. "Exploring differences in financial literacy across countries: the role of individual characteristics and institutions," Working Papers 220, Oesterreichische Nationalbank (Austrian Central Bank).
- Tim Kaiser & Luis Oberrauch & Günther Seeber, 2020.
"Measuring economic competence of secondary school students in Germany,"
The Journal of Economic Education, Taylor & Francis Journals, vol. 51(3-4), pages 227-242, August.
- Kaiser, Tim & Oberrauch, Luis & Seeber, Günther, 2019. "Measuring Economic Competence of Secondary School Students in Germany," EconStor Preprints 202639, ZBW - Leibniz Information Centre for Economics.
- Iterbeke, Kaat & De Witte, Kristof & Declercq, Koen & Schelfhout, Wouter, 2020.
"The effect of ability matching and differentiated instruction in financial literacy education. Evidence from two randomised control trials,"
Economics of Education Review, Elsevier, vol. 78(C).
- Kaat Iterbeke & Kristof De Witte & Koen Declercq & Wouter Schelfhout, 2019. "The Effect of Ability Matching and Differentiated Instruction in Financial Literacy Education. Evidence from Two Randomised Control Trials," CESifo Working Paper Series 7997, CESifo.
- Manuel Salas‐Velasco & Dolores Moreno‐Herrero & José Sánchez‐Campillo, 2021. "Teaching financial education in schools and students' financial literacy: A cross‐country analysis with PISA data," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4077-4103, July.
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
Statistics
Access and download statisticsCorrections
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:eee:jcecon:v:52:y:2024:i:4:p:825-847. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622864 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.