The Long-Term Impact of High School Financial Education: Evidence from Brazil
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Bibliographic Details
Main Author: Bruhn, Miriam (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C The World Bank 2022
Subjects:
Links:https://doi.org/10.1596/1813-9450-10131
Abstract:In 2011, the impact of a comprehensive financial education program was studied through a randomized controlled trial with 892 high schools in six Brazilian states. Using administrative data, this paper follows 16,000 students for the next nine years. The short-term findings were that the treatment students used expensive credit and were behind on payments. By contrast, in the long-term, treatment students were less likely to borrow from expensive sources and to have loans with late payments than control students. Treatment students were also more likely to own microenterprises and less likely to be formally employed than control students
Physical Description:1 Online-Ressource (30 Seiten)
DOI:10.1596/1813-9450-10131