Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129322
Authors: 
Chatterjee, Swarn
Green-Pimentel, Leslie
Turner, Pamela
Year of Publication: 
2010
Citation: 
[Journal:] Investment Management and Financial Innovations [ISSN:] 1812-9358 [Volume:] 7 [Issue:] 3 [Pages:] 73-81
Abstract: 
This paper uses proprietary data comprising of 4,155 participants who attended financial education seminars conducted by a major U.S. consumer credit counseling agency in 2007. In this study, knowledge gained from attending the seminars is estimated using a multivariate regression model. Results indicate that those most likely to gain knowledge from attending the financial education seminars were respondents between 18 and 24 years of age, lower income groups and respondents who did not complete college. The findings of this study also reveal that the minority groups, women, and the less educated were more willing to seek further financial counseling and act on behavior changes after attending the seminar.
Subjects: 
Financial Education
Behavioral Economics
Experimental Economics
Program Evaluation
JEL: 
D14
D03
Document Type: 
Article

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