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来源类型Working Paper
规范类型报告
DOI10.3386/w27057
来源IDWorking Paper 27057
Financial Education Affects Financial Knowledge and Downstream Behaviors
Tim Kaiser; Annamaria Lusardi; Lukas Menkhoff; Carly J. Urban
发表日期2020-04-27
出版年2020
语种英语
摘要We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment effects are economically meaningful in size, similar to those realized by educational interventions in other domains, and are at least three times as large as the average effect documented in earlier work. These results are robust to the method used, restricting the sample to papers published in top economics journals, including only studies with adequate power, and accounting for publication selection bias in the literature. We conclude with a discussion of the cost-effectiveness of financial education interventions.
主题Microeconomics ; Households and Firms ; Financial Economics ; Health, Education, and Welfare ; Education
URLhttps://www.nber.org/papers/w27057
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584729
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Tim Kaiser,Annamaria Lusardi,Lukas Menkhoff,et al. Financial Education Affects Financial Knowledge and Downstream Behaviors. 2020.
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