Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/208102 
Year of Publication: 
2018
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-871
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
Using data from a randomized controlled trial in 300 public high schools in Peru, this paper studies the potential of school-based financial education programs for youth. The intervention improves students' and teachers' financial knowledge by 0.14 SD and 0.32 SD, respectively. The impact of the intervention also extends to socioemotional traits and behavior, as sizable positive impacts on self-control and consumption habits among students are identified. Teachers in the treatment group become more impulsive and risk averse, and they are more likely to save (9 percentage points) and to save formally (14 percentage points).
Subjects: 
Financial education
Youth
Self-Control
Consumption behavior
Savings
Treatment effects
JEL: 
D14
D91
J24
O16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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