Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191420
Authors: 
Kaiser, Tim
Menkhoff, Lukas
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper No. 7395
Abstract: 
We study the literature on school financial education programs for children and youth via a quantitative meta-analysis of 37 (quasi-) experiments. We find that financial education treatment has, on average, a significant and sizeable impact on financial knowledge (+0.25 SD), similar to educational interventions in other domains. Additionally, we document small but still significant effects on financial behaviors (+0.05 SD). These results are robust to restricting the sample to 18 randomized experiments and they hold irrespective of the meta-analytic method used. Metaregressions show the beneficial effect of more intensive treatments and smaller class size, albeit with decreasing marginal returns.
Subjects: 
financial education
financial literacy
financial behavior
meta-analysis
JEL: 
I21
A21
D14
Document Type: 
Working Paper

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