Adriaan Kalwij|Rob Alessie|Milena Dinkova|Gea Schonewille|Anna van der Schors|Minou van der Werf
The Effects of Financial Education on Financial Literacy and Savings Behavior: Evidence from a Controlled Field Experiment in Dutch Primary Schools
Utrecht University|University Medical Center Utrecht|Utrecht University
article reports results controlled field experiment designed estimate shortterm effects 45minute financial education program financial literacy savings behavior children dutch primary schools among fifth sixth graders program led pre posttest improvement financial literacy almost one eight questions onethird increase correctness attributable program also raised probability willingness save 4 percentage points nonetheless whereas program appears effective respect questions explicitly address program content significant effects financial literacy seem primarily driven results girls although cannot reject homogeneous treatment effects respect gender