Hanna Houdali

Marco Angrisani, Jeremy Burke, Annamaria Lusardi, and Gary Mottola Abstract: We administered the FINRA Foundation’s National Financial Capability Study questionnaire to members of the RAND American Life Panel in 2012 and 2018. Using this unique, longitudinal data set, we investigate the evolution of financial literacy over time and shed light on the effect of financial …

The Evolution of Financial Literacy over Time and its Predictive Power for Financial Outcomes: Evidence from Longitudinal Data Read More »

Veronica Frisancho Abstract: This paper studies the potential of school-based financial education. Relying on a large-scale experiment in Peru, the study identifies significant improvements on financial skills. Novel credit bureau data uncovers long-lasting effects on financial behavior: three years later, treated students are less likely to have negative records due to unpaid/delinquent bills or credit …

Is School-Based Financial Education Effective? Immediate and Long-Lasting Impacts on Students and Teachers Read More »