Francesco D’Acunto, Alberto G. Rossi, and Michael Weber Abstract: Consumers might overestimate optimal spending if forming beliefs based on others’ spending, because others’ conspicuous consumption is more visible than the rest of their consumption. If true, information about others’ overall spending should change beliefs and choice. For a test, we provide crowdsourced information about anonymous …

Crowdsourcing Peer Information to Change Spending Behavior 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 »