The Impact of High School Financial Education : Experimental Evidence from Brazil

The Impact of High School Financial Education : Experimental Evidence from Brazil

This paper studies the impact of a comprehensive financial education program spanning six states, 868 schools, and approximately 20,000 high school students in Brazil through a randomized control trial. The program increased student financial knowl...

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Bibliographic Details
Main Authors: Bruhn, Miriam, de Souza Leao, Luciana, Legovini, Arianna, Marchetti, Rogelio, Zia, Bilal
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
FINANCIAL PLANNING
HOUSEHOLD FINANCIAL DECISIONS
HIGH SCHOOL FINANCIAL EDUCATION
INTER-TEMPORAL ATTITUDES
PARENTAL FINANCIAL KNOWLEDGE
SAVINGS
SPENDING BEHAVIOR
Online Access:http://documents.worldbank.org/curated/en/2013/12/18640673/impact-high-school-financial-education-experimental-evidence-brazil
http://hdl.handle.net/10986/16940
id okr-10986-16940
recordtype oai_dc
spelling okr-10986-169402021-04-23T14:03:33Z The Impact of High School Financial Education : Experimental Evidence from Brazil Bruhn, Miriam de Souza Leao, Luciana Legovini, Arianna Marchetti, Rogelio Zia, Bilal FINANCIAL PLANNING HOUSEHOLD FINANCIAL DECISIONS HIGH SCHOOL FINANCIAL EDUCATION INTER-TEMPORAL ATTITUDES PARENTAL FINANCIAL KNOWLEDGE SAVINGS SPENDING BEHAVIOR This paper studies the impact of a comprehensive financial education program spanning six states, 868 schools, and approximately 20,000 high school students in Brazil through a randomized control trial. The program increased student financial knowledge by a quarter of a standard deviation and led to a 1.4 percentage point increase in saving for purchases, better likelihood of financial planning, and greater participation in household financial decisions by students. "Trickle-up" impacts on parents were also significant, with improvements in parent financial knowledge, savings, and spending behavior. The study also finds evidence that the program affected students' inter-temporal preferences and attitudes. 2014-02-05T19:30:26Z 2014-02-05T19:30:26Z 2013-12 http://documents.worldbank.org/curated/en/2013/12/18640673/impact-high-school-financial-education-experimental-evidence-brazil http://hdl.handle.net/10986/16940 English en_US Policy Research Working Paper;No. 6723 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Brazil
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic FINANCIAL PLANNING
HOUSEHOLD FINANCIAL DECISIONS
HIGH SCHOOL FINANCIAL EDUCATION
INTER-TEMPORAL ATTITUDES
PARENTAL FINANCIAL KNOWLEDGE
SAVINGS
SPENDING BEHAVIOR
spellingShingle FINANCIAL PLANNING
HOUSEHOLD FINANCIAL DECISIONS
HIGH SCHOOL FINANCIAL EDUCATION
INTER-TEMPORAL ATTITUDES
PARENTAL FINANCIAL KNOWLEDGE
SAVINGS
SPENDING BEHAVIOR
Bruhn, Miriam
de Souza Leao, Luciana
Legovini, Arianna
Marchetti, Rogelio
Zia, Bilal
The Impact of High School Financial Education : Experimental Evidence from Brazil
geographic_facet Latin America & Caribbean
Brazil
relation Policy Research Working Paper;No. 6723
description This paper studies the impact of a comprehensive financial education program spanning six states, 868 schools, and approximately 20,000 high school students in Brazil through a randomized control trial. The program increased student financial knowledge by a quarter of a standard deviation and led to a 1.4 percentage point increase in saving for purchases, better likelihood of financial planning, and greater participation in household financial decisions by students. "Trickle-up" impacts on parents were also significant, with improvements in parent financial knowledge, savings, and spending behavior. The study also finds evidence that the program affected students' inter-temporal preferences and attitudes.
format Publications & Research :: Policy Research Working Paper
author Bruhn, Miriam
de Souza Leao, Luciana
Legovini, Arianna
Marchetti, Rogelio
Zia, Bilal
author_facet Bruhn, Miriam
de Souza Leao, Luciana
Legovini, Arianna
Marchetti, Rogelio
Zia, Bilal
author_sort Bruhn, Miriam
title The Impact of High School Financial Education : Experimental Evidence from Brazil
title_short The Impact of High School Financial Education : Experimental Evidence from Brazil
title_full The Impact of High School Financial Education : Experimental Evidence from Brazil
title_fullStr The Impact of High School Financial Education : Experimental Evidence from Brazil
title_full_unstemmed The Impact of High School Financial Education : Experimental Evidence from Brazil
title_sort impact of high school financial education : experimental evidence from brazil
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2013/12/18640673/impact-high-school-financial-education-experimental-evidence-brazil
http://hdl.handle.net/10986/16940
_version_ 1764434998251749376

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