James Berry|Dean Karlan|Menno Pradhan
The Impact of Financial Education for Youth in Ghana
Abdul Latif Jameel Poverty Action Lab|Innovations for Poverty Action|Abdul Latif Jameel Poverty Action Lab|Innovations for Poverty Action|Tinbergen Institute|University of Amsterdam|Vrije Universiteit Amsterdam|Amsterdam Institute for Global Health and Development
governments nongovernmental organizations promote schoolbased financial literacy programs means instill financial behaviors persist adulthood conduct randomized trial two financial literacy education programs governmentrun ghanaian primary junior high schools first integrated financial social education second included financial education study finds nine months programs positive impacts selfreported savings school relative control group statistically significant increases aggregate savings hypothesized mechanisms attitudes preferences knowledge financial educationonly treatment led weakly statistically significant increase child labor relative control group although difference impact two treatment groups statistically significant lack shortterm effects programs financial behaviors attitudes indicate alternative program designs evaluated understand whether outcomes influenced among students age group