Can a budget recording tool teach financial skills to youth? : experimental evidence from a financial diaries study

Verónica Frisancho, Alejandro Herrera, Silvia Prina

We study the impact of a mobile app to record daily financial transactions, coupled with enumerator monitoring visits every two weeks, on youths' investment in financial literacy and financial behavior. The treatment led to a positive and statistically significant effect on financial literacy scores and greater awareness of market prices. Youth in the treatment group experienced significant improvements in access to credit. These effects persist eight months after the intervention is over.

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Year of publication:	October 2021
Authors:	Frisancho Robles, Verónica ; Herrera, Alejandro ; Prina, Silvia
Publisher:	[Washington, DC] : Inter-American Development Bank, Department of Research and Chief Economist
Subject:	Financial inclusion \| Financial diaries \| Financial literacy \| Youth \| Finanzwissen \| Jugendliche \| Finanzielle Inklusion \| Finanzmarkt \| Financial market \| Finanzdienstleistung \| Financial services

Extent:	1 Online-Ressource (circa 40 Seiten) Illustrationen
Series:	Working paper. - Washington, DC : IDB, ZDB-ID 2576368-4. - Vol. no IDB-WP-1275
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.18235/0003691 [DOI] hdl:10419/245882 [Handle]
Classification:	C93 - Field Experiments ; D90 - Intertemporal Choice and Growth. General ; g41 ; g53 ; O12 - Microeconomic Analyses of Economic Development ; O16 - Financial Markets; Saving and Capital Investment
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012628814