The Long-Term Impact of High School Financial Education : Evidence from Brazil

The Long-Term Impact of High School Financial Education : Evidence from Brazil

In 2011, the impact of a comprehensive financial education program was studied through a randomized controlled trial with 892 high schools in six Brazilian states. Using administrative data, this paper follows 16,000 students for the next nine year...

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Main Authors: Bruhn, Miriam, Garber, Gabriel, Koyama, Sergio, Zia, Bilal
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2022
Subjects:
FINANCIAL EDUCATION
FINANCIAL LITERACY
YOUTH ECONOMIC DEVELOPMENT
HIGHSCHOOL EDUCATION
PERSONAL CREDIT USAGE
Online Access:http://documents.worldbank.org/curated/en/099739107262230025/IDU09132deef0979104f800a9dc04d3ca45dc713
http://hdl.handle.net/10986/37774
id okr-10986-37774
recordtype oai_dc
spelling okr-10986-377742022-07-28T05:10:40Z The Long-Term Impact of High School Financial Education : Evidence from Brazil Bruhn, Miriam Garber, Gabriel Koyama, Sergio Zia, Bilal FINANCIAL EDUCATION FINANCIAL LITERACY YOUTH ECONOMIC DEVELOPMENT HIGHSCHOOL EDUCATION PERSONAL CREDIT USAGE In 2011, the impact of a comprehensive financial education program was studied through a randomized controlled trial with 892 high schools in six Brazilian states. Using administrative data, this paper follows 16,000 students for the next nine years. The short-term findings were that the treatment students used expensive credit and were behind on payments. By contrast, in the long-term, treatment students were less likely to borrow from expensive sources and to have loans with late payments than control students. Treatment students were also more likely to own microenterprises and less likely to be formally employed than control students. 2022-07-27T15:27:49Z 2022-07-27T15:27:49Z 2022-07 Working Paper http://documents.worldbank.org/curated/en/099739107262230025/IDU09132deef0979104f800a9dc04d3ca45dc713 http://hdl.handle.net/10986/37774 English en_US Policy Research Working Papers;10131 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research 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 EDUCATION
FINANCIAL LITERACY
YOUTH ECONOMIC DEVELOPMENT
HIGHSCHOOL EDUCATION
PERSONAL CREDIT USAGE
spellingShingle FINANCIAL EDUCATION
FINANCIAL LITERACY
YOUTH ECONOMIC DEVELOPMENT
HIGHSCHOOL EDUCATION
PERSONAL CREDIT USAGE
Bruhn, Miriam
Garber, Gabriel
Koyama, Sergio
Zia, Bilal
The Long-Term Impact of High School Financial Education : Evidence from Brazil
geographic_facet Brazil
relation Policy Research Working Papers;10131
description In 2011, the impact of a comprehensive financial education program was studied through a randomized controlled trial with 892 high schools in six Brazilian states. Using administrative data, this paper follows 16,000 students for the next nine years. The short-term findings were that the treatment students used expensive credit and were behind on payments. By contrast, in the long-term, treatment students were less likely to borrow from expensive sources and to have loans with late payments than control students. Treatment students were also more likely to own microenterprises and less likely to be formally employed than control students.
format Working Paper
author Bruhn, Miriam
Garber, Gabriel
Koyama, Sergio
Zia, Bilal
author_facet Bruhn, Miriam
Garber, Gabriel
Koyama, Sergio
Zia, Bilal
author_sort Bruhn, Miriam
title The Long-Term Impact of High School Financial Education : Evidence from Brazil
title_short The Long-Term Impact of High School Financial Education : Evidence from Brazil
title_full The Long-Term Impact of High School Financial Education : Evidence from Brazil
title_fullStr The Long-Term Impact of High School Financial Education : Evidence from Brazil
title_full_unstemmed The Long-Term Impact of High School Financial Education : Evidence from Brazil
title_sort long-term impact of high school financial education : evidence from brazil
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/en/099739107262230025/IDU09132deef0979104f800a9dc04d3ca45dc713
http://hdl.handle.net/10986/37774
_version_ 1764487868599762944

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