Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101345
Authors: 
Lührmann, Melanie
Serra-Garcia, Marta
Winter, Joachim
Year of Publication: 
2014
Series/Report no.: 
IFS Working Papers W14/18
Abstract: 
We examine the impact of a large high-school fi nancial education program on the intertemporal choices of adolescents. We randomly assigned the program among a sample of almost 1,000 students and measured their intertemporal choices using an incentivized experiment. While intertemporal choices in the control group exhibit signi ficant present bias, choices among treated students are time consistent on average. We structurally estimate individual preference parameters, explicitly allowing choices to be stochastic. Participation in the program increases time consistency and decreases error rates. These fi ndings suggest that fi nancial education can have signi cant eff ects on intertemporal choice already at a young age.
Subjects: 
Intertemporal Choice
Financial Education
Experiment
JEL: 
D14
D91
C93
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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