Impact of financial education on adolescent financial capability: Evidence from a pilot randomized experiment

Impact of financial education on adolescent financial capability: Evidence from a pilot randomized experiment

• Zhu, Yuefeng Lingnan University

Child Indicators Research, 13, 1371-1386, 2020

Springer

2020

• G Curriculum, Teaching & Learning: Specific Disciplines
  • GE Social Sciences, Business & Law
• N Students & Student Services
  • NF Student Finance
• A Human Growth & Development
  • AJ Sexual Difference, Bisexual Educational Difference, Sexism in Education

Adolescents Financial Capability Financial Education Gender Difference Randomized Experimental Trial

• Hong Kong

• 1997.7 onwards

• Secondary Education

Financial capability is an important competence for adolescents, and secondary school is a natural setting in which to deliver financial education courses. Currently, however, little empirical evidence has been published on the effects of in-school financial education on financial capability in adolescents. This pilot study brought together a randomized experimental design, a combination of local and non-local financial education courses, comprehensive measurements, and multi-level structural equation modeling for data analysis to evaluate the outcomes of a financial education project in a representative sample of Hong Kong adolescents. Results demonstrated that our financial intervention made a positive impact on objective financial knowledge and financial self-efficacy but a negative one on financial behaviors. Positive effects on financial self-efficacy were stronger in male adolescents than in females. Our findings represent an important contribution to the literature regarding financial education at the secondary school level. Copyright © 2019 Springer Nature B.V.

• English

Journal Articles

• 1874897X

• 10.1007/s12187-019-09704-9

https://bibliography.lib.eduhk.hk/en/bibs/77cd1706

2023-09-19