The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools
| Autor: | Kalwij, Adriaan, Alessie, Rob, Dinkova, Milena, Schonewille, Gea, van der Schors, Anna, van der Werf, Minou, Applied Econometrics, UU LEG Research UUSE Multidisciplinary Economics |
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| Přispěvatelé: | Applied Econometrics, UU LEG Research UUSE Multidisciplinary Economics, Research programme EEF, Value, Affordability and Sustainability (VALUE) |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Finance
SCI and SSCI Journals Correctness Sociology and Political Science business.industry ACQUISITION Economics Economics Econometrics and Finance(all) Econometrics and Finance(all) Homogeneous Political science Mathematics education Financial literacy business General Economics Econometrics and Finance Social psychology |
| Zdroj: | Journal of Consumer Affairs, 53(3), 699. Wiley-Blackwell Journal of Consumer Affairs, 53(3), 699-730. Wiley |
| ISSN: | 0022-0078 |
| Popis: | This article reports the results of a controlled field experiment designed to estimate the short-term effects of a 45-minute financial education program on the financial literacy and savings behavior of children in Dutch primary schools. Among fifth and sixth graders, the program led to a pre- to posttest improvement in financial literacy on almost one of eight questions, with about one-third of the increase in correctness attributable to the program. It also raised the probability of willingness to save by 4 percentage points. Nonetheless, whereas the program appears effective in respect to questions that explicitly address program content, its significant effects on financial literacy seem primarily driven by the results for girls, although we cannot reject homogeneous treatment effects with respect to gender. |
| Databáze: | OpenAIRE |
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