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We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial...
Persistent link: https://www.econbiz.de/10012825393
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014350763
a regression discontinuity design, we document how a third grade retention policy affects both the target children and … their younger siblings. The policy improves test scores of both children while the spillover is up to 30% of the target … child effect size. The effects are particularly pronounced in families where one of the children is disabled, for boys, and …
Persistent link: https://www.econbiz.de/10014347013
effects on school grades, but these negative effects are largely confined to children born extremely preterm (<28 weeks of … gestation, i.e. born at least 10 weeks earlier). Children born moderately preterm (i.e. born up to 5 weeks early) suffer no ill … school environment is very important for the outcomes of preterm born children, such that those born extremely preterm that …
Persistent link: https://www.econbiz.de/10012861393
, even though displacement episodes early in children’s lives have the largest impacts on household income (because they … persist for many years), displacement episodes occurring in the children’s teenage years have the largest effects on human … capital accumulation. We show that most of the effects operate through the intensive margin of schooling, and that children …
Persistent link: https://www.econbiz.de/10014243678
We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy … system and show that these policies promote financial literacy. The increase in financial knowledge attributable to banks …
Persistent link: https://www.econbiz.de/10010435779
We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable...
Persistent link: https://www.econbiz.de/10011307110
We study a robo-advising portfolio optimizer that constructs tailored strategies based on in- vestors’ holdings and preferences. Adopters are similar to non-adopters in terms of demographics, but have more assets under management, trade more, and have higher risk-adjusted performance. The...
Persistent link: https://www.econbiz.de/10011815800
We study the literature on school financial education programs for children and youth via a quantitative meta … on financial knowledge (+0.25 SD), similar to educational interventions in other domains. Additionally, we document small …
Persistent link: https://www.econbiz.de/10012892190
The present paper examines the impact of ability matching and differentiated instruction on the learning outcomes of eighth and ninth grade students in a financial education programme. In particular, the effect of within-class ability matching is investigated by forming pairs of students either...
Persistent link: https://www.econbiz.de/10012844431