The Impact of High School Financial Education: Evidence from a Large-Scale Evaluation in Brazil

• 成果类型: Article
• 署名作者: Bruhn, Miriam; Leao, Luciana de Souza; Legovini, Arianna; Marchetti, Rogelio; Zia, Bilal
• 署名单位: The World Bank; Columbia University; The World Bank; The World Bank
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20150149
• 发表日期: 2016
• 页码: 256-295
• 关键词: self-regulation; ego depletion; performance; RESOURCES; KNOWLEDGE; literacy; families; media

摘要

We study the impact of a comprehensive high school financial education program spanning 6 states, 892 schools, and approximately 25,000 students in Brazil through a randomized control trial. The program increased student financial proficiency by a quarter of a standard deviation and raised grade-level passing rates. Short-term financial behaviors, however, show mixed results with significant improvements in students' savings and budgeting as well as positive spillovers to parents, but also an increase in students' use of expensive credit to make consumer purchases.