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Experiential financial education. Assessing the effectiveness of a Banca d'Italia museum exhibition

Author

Listed:
  • Valentina Maria Andreucci

    (Bank of Italy)

  • Alessio D'Ignazio

    (Bank of Italy)

  • Francesca Festa

    (Bank of Italy)

  • Marialucia Longo

    (Bank of Italy)

  • Francesco Rossetti

    (Bank of Italy)

Abstract

We investigate the impact of a museum exhibition on the financial literacy of young people. The exhibition, titled 'The Adventure of Money', took place in Rome between October 2023 and June 2024. It offered a preview of Banca d’Italia's upcoming Money Museum, which aims to stimulate interest in the main events in the history of money and finance. In order to evaluate the effectiveness of the exhibition, we conducted a randomized control trial with about 600 students from 19 Italian upper secondary schools. The results show an improvement in the students' financial knowledge, as evidenced by an increase of around one third in their initial test scores. The results also show that the exhibition had a greater impact on female students. Finally, no learning decay was observed within the first month following the exhibition.

Suggested Citation

  • Valentina Maria Andreucci & Alessio D'Ignazio & Francesca Festa & Marialucia Longo & Francesco Rossetti, 2025. "Experiential financial education. Assessing the effectiveness of a Banca d'Italia museum exhibition," Questioni di Economia e Finanza (Occasional Papers) 943, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_943_25
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • I20 - Health, Education, and Welfare - - Education - - - General
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments

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