Fictional Money, Real Costs: Impacts of Financial Salience on Disadvantaged Students

• 成果类型: Article
• 署名作者: Duquennois, Claire
• 署名单位: Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20201661
• 发表日期: 2022
• 页码: 798-826
• 关键词: stereotype threat; behavioral-economics; gender-differences; poverty; performance; CHOICE; CONSEQUENCES; PSYCHOLOGY; Reminders; lives

摘要

Disadvantaged students perform differentially worse when randomly given a financially salient mathematics exam. For students with socioeconomic indicators below the national median, a 10 percentage point increase in the share of monetary themed questions depresses exam performance by 0.026 standard deviations, about 6 percent of their performance gap. Using question-level data, 1 confirm the role of financial salience by comparing performance on monetary and highly similar non-monetary questions. Leveraging the randomized ordering of questions, I identify an effect on subsequent questions, providing evidence that the attention capture effects of poverty affect policy relevant outcomes outside of experimental settings.