|DOWNLOAD FILE IN:|
This paper explores the potential of financial education programs for kids. We conducted a randomized controlled trial to evaluate the impact of a large-scale pilot program carried out in 150 public high schools, in six regions in Peru. Although the treatment was only moderately intensive, the pilot program was extremely effective: students’ financial literacy improved by 0.14 standard deviations and teachers’ financial literacy improved by 0.30 standard deviations. In addition, students’ self-control improved significantly, leading to better buying habits, greater financial autonomy, and fewer expenditures on unnecessary items. The program’s impact was particularly noticeable in teachers’ saving habits. The share of teachers who save informally increased by 9 percentage points, while the share of those who save formally rose by 14 percentage points. The intervention was also relatively inexpensive, with a cost of only US$6.60 per student.
This paper compares the saving behavior of formal and informal workers and additionally provides a socioeconomic and financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central Bank of Chile in 2007, 2008, 2009 and 2010, which covers between 1,740 and 2,533 urban households, performing both OLS and probit regressions. The cro ... (View publication)
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 sel ... (View publication)
Despite governments’ best efforts, many people in Latin America and the Caribbean don’t have the skills they need to thrive. This book looks at what policies work, and don’t work, so that governments can help people learn better and realize their potential throughout their lifetimes. (View publication)
Hello, Welcome to the IDB!
Please join our mailing list by simply entering your email below.
Show inline popup 1
Show inline popup 2
Show inline popup 3
Show inline popup 4