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

Bruhn, Miriam ; de Souza Leao, Luciana ; Legovini, Arianna ; Marchetti, Rogelio ; Zia, Bilal

World Bank, Washington, DC

关键词: FINANCIAL PLANNING;    HOUSEHOLD FINANCIAL DECISIONS;    HIGH SCHOOL FINANCIAL EDUCATION;    INTER-TEMPORAL ATTITUDES;    PARENTAL FINANCIAL KNOWLEDGE;   

DOI  :  10.1596/1813-9450-6723
RP-ID  :  WPS6723

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper studies the impact of acomprehensive financial education program spanning sixstates, 868 schools, and approximately 20,000 high schoolstudents in Brazil through a randomized control trial. Theprogram increased student financial knowledge by a quarterof a standard deviation and led to a 1.4 percentage pointincrease in saving for purchases, better likelihood offinancial planning, and greater participation in householdfinancial decisions by students. "Trickle-up"impacts on parents were also significant, with improvementsin parent financial knowledge, savings, and spendingbehavior. The study also finds evidence that the programaffected students' inter-temporal preferences and attitudes.