View metadata

dc.titleThe Impact of School-Based Financial Education on High School Students and their Teachers: Experimental Evidence from Peru
dc.contributor.authorFrisancho, Verónica
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coveragePeru
dc.date.available2018-03-29T00:00:00
dc.date.issue2018-03-29T00:00:00
dc.description.abstractUsing data from a randomized controlled trial in 300 public high schools in Peru, this paper studies the potential of school-based financial education programs for youth. The intervention improves students’ and teachers’ financial knowledge by 0.14 SD and 0.32 SD, respectively. The impact of the intervention also extends to socioemotional traits and behavior, as sizable positive impacts on self-control and consumption habits among students are identified. Teachers in the treatment group become more impulsive and risk averse, and they are more likely to save (9 percentage points) and to save formally (14 percentage points).
dc.format.extent56
dc.identifier.doihttp://dx.doi.org/10.18235/0001056
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Impact-of-School-Based-Financial-Education-on-High-School-Students-and-their-Teachers-Experimental-Evidence-from-Peru.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Education
dc.subjectSaving Behavior
dc.subjectEducational Institution
dc.subjectHigh School
dc.subjectFinancial Inclusion
dc.subjectAcademic Performance
dc.subjectImpact Evaluation
dc.subjectRandomized Controlled Trial
dc.subjectCurriculum
dc.subject.jelcodeD91 - Intertemporal Household Choice • Life Cycle Models and Saving
dc.subject.jelcodeJ24 - Human Capital • Skills • Occupational Choice • Labor Productivity
dc.subject.jelcodeO16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1462
Return to Publication