Publication

The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools

Kalwij, A., Alessie, R., Dinkova, M., Schonewille, G., Van der Schors, A. & Van der Werf, M., Sep-2019, In : Journal of Consumer Affairs. 53, 3, p. 699-730 32 p.

Research output: Contribution to journalArticleAcademicpeer-review

APA

Kalwij, A., Alessie, R., Dinkova, M., Schonewille, G., Van der Schors, A., & Van der Werf, M. (2019). The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools. Journal of Consumer Affairs, 53(3), 699-730. https://doi.org/10.1111/joca.12241

Author

Kalwij, Adriaan ; Alessie, Rob ; Dinkova, Milena ; Schonewille, Gea ; Van der Schors, Anna ; Van der Werf, Minou. / The Effects of Financial Education on Financial Literacy and Savings Behavior : Evidence from a Controlled Field Experiment in Dutch Primary Schools. In: Journal of Consumer Affairs. 2019 ; Vol. 53, No. 3. pp. 699-730.

Harvard

Kalwij, A, Alessie, R, Dinkova, M, Schonewille, G, Van der Schors, A & Van der Werf, M 2019, 'The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools', Journal of Consumer Affairs, vol. 53, no. 3, pp. 699-730. https://doi.org/10.1111/joca.12241

Standard

The Effects of Financial Education on Financial Literacy and Savings Behavior : Evidence from a Controlled Field Experiment in Dutch Primary Schools. / Kalwij, Adriaan; Alessie, Rob; Dinkova, Milena; Schonewille, Gea; Van der Schors, Anna; Van der Werf, Minou.

In: Journal of Consumer Affairs, Vol. 53, No. 3, 09.2019, p. 699-730.

Research output: Contribution to journalArticleAcademicpeer-review

Vancouver

Kalwij A, Alessie R, Dinkova M, Schonewille G, Van der Schors A, Van der Werf M. The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools. Journal of Consumer Affairs. 2019 Sep;53(3):699-730. https://doi.org/10.1111/joca.12241


BibTeX

@article{60625f07b3dd41b29b360b8a1b13e8a6,
title = "The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools",
abstract = "This article reports the results of a controlled field experiment designed to estimate the short-term effects of a 45-minute financial education program on the financial literacy and savings behavior of children in Dutch primary schools. Among fifth and sixth graders, the program led to a pre- to posttest improvement in financial literacy on almost one of eight questions, with about one-third of the increase in correctness attributable to the program. It also raised the probability of willingness to save by 4 percentage points. Nonetheless, whereas the program appears effective in respect to questions that explicitly address program content, its significant effects on financial literacy seem primarily driven by the results for girls, although we cannot reject homogeneous treatment effects with respect to gender.",
keywords = "ACQUISITION",
author = "Adriaan Kalwij and Rob Alessie and Milena Dinkova and Gea Schonewille and {Van der Schors}, Anna and {Van der Werf}, Minou",
year = "2019",
month = sep,
doi = "10.1111/joca.12241",
language = "English",
volume = "53",
pages = "699--730",
journal = "Journal of Consumer Affairs",
issn = "0022-0078",
publisher = "Wiley",
number = "3",

}

RIS

TY - JOUR

T1 - The Effects of Financial Education on Financial Literacy and Savings Behavior

T2 - Evidence from a Controlled Field Experiment in Dutch Primary Schools

AU - Kalwij, Adriaan

AU - Alessie, Rob

AU - Dinkova, Milena

AU - Schonewille, Gea

AU - Van der Schors, Anna

AU - Van der Werf, Minou

PY - 2019/9

Y1 - 2019/9

N2 - This article reports the results of a controlled field experiment designed to estimate the short-term effects of a 45-minute financial education program on the financial literacy and savings behavior of children in Dutch primary schools. Among fifth and sixth graders, the program led to a pre- to posttest improvement in financial literacy on almost one of eight questions, with about one-third of the increase in correctness attributable to the program. It also raised the probability of willingness to save by 4 percentage points. Nonetheless, whereas the program appears effective in respect to questions that explicitly address program content, its significant effects on financial literacy seem primarily driven by the results for girls, although we cannot reject homogeneous treatment effects with respect to gender.

AB - This article reports the results of a controlled field experiment designed to estimate the short-term effects of a 45-minute financial education program on the financial literacy and savings behavior of children in Dutch primary schools. Among fifth and sixth graders, the program led to a pre- to posttest improvement in financial literacy on almost one of eight questions, with about one-third of the increase in correctness attributable to the program. It also raised the probability of willingness to save by 4 percentage points. Nonetheless, whereas the program appears effective in respect to questions that explicitly address program content, its significant effects on financial literacy seem primarily driven by the results for girls, although we cannot reject homogeneous treatment effects with respect to gender.

KW - ACQUISITION

U2 - 10.1111/joca.12241

DO - 10.1111/joca.12241

M3 - Article

VL - 53

SP - 699

EP - 730

JO - Journal of Consumer Affairs

JF - Journal of Consumer Affairs

SN - 0022-0078

IS - 3

ER -

ID: 99018965