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Financial education for youth. A randomized evaluation in Uruguay

Author

Listed:
  • Fernando Borraz

    (Banco Central del Uruguay
    Departamento de Economía de la Facultad de Ciencias Sociales de la Universidad de la República
    Universidad de Montevideo)

  • Ana Caro

    (Banco Central del Uruguay)

  • Maira Caño-Guiral

    (Banco Central del Uruguay)

  • María José Roa

    (Instituto de Investigaciones Económicas y Sociales Francisco de Vitoria
    Research Committee of the OECD/INFE)

Abstract

Using data from a randomized control trial in Uruguay, we evaluate the impact of an economic and financial education program targeted to senior high-school students. The program is based on an innovative playful approach workshop about monetary policy and financial supervision. We find that the workshop has a positive and significant impact on student knowledge. Our results shed light on the importance of economic and financial education for the youth in developing countries.

Suggested Citation

  • Fernando Borraz & Ana Caro & Maira Caño-Guiral & María José Roa, 2021. "Financial education for youth. A randomized evaluation in Uruguay," Documentos de trabajo 2021011, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2021011
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    BCUEduca; economic education; youth; treatment effects;
    All these keywords.

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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