Financial education in schools: A meta-analysis of experimental studies. (October 2020)
- Record Type:
- Journal Article
- Title:
- Financial education in schools: A meta-analysis of experimental studies. (October 2020)
- Main Title:
- Financial education in schools: A meta-analysis of experimental studies
- Authors:
- Kaiser, Tim
Menkhoff, Lukas - Abstract:
- 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 treatments have, on average, sizeable impacts on financial knowledge (+0.33 SD), similar to educational interventions in other domains. Additionally, we document smaller effects on financial behaviors among students (+0.07 SD). When restricting the sample to 18 randomized experiments average effect sizes are estimated to be about 0.15 SD units on financial knowledge and 0.07 SD units on financial behaviors. These results are robust irrespective of the meta-analytic method used and when accounting for publication bias. Subgroup analyses show the beneficial effect of more intensive treatments, albeit with decreasing marginal returns.
- Is Part Of:
- Economics of education review. Volume 78(2020)
- Journal:
- Economics of education review
- Issue:
- Volume 78(2020)
- Issue Display:
- Volume 78, Issue 2020 (2020)
- Year:
- 2020
- Volume:
- 78
- Issue:
- 2020
- Issue Sort Value:
- 2020-0078-2020-0000
- Page Start:
- Page End:
- Publication Date:
- 2020-10
- Subjects:
- Financial behavior -- Financial education -- Financial literacy -- Meta-analysis
I21, analysis of education -- A21, pre-college economic education -- D14, personal finance
Education -- Economic aspects -- Periodicals
370 - Journal URLs:
- http://www.sciencedirect.com/science/journal/02727757/ ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.econedurev.2019.101930 ↗
- Languages:
- English
- ISSNs:
- 0272-7757
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 3656.990000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 14596.xml