Is School-Based Financial Education Effective? Immediate and Long-Lasting Impacts on High School Students
基于秘鲁大规模实验，评估课堂金融教育干预对高中生金融素养和行为的即时与长期效果，发现短期内提升素养且不影响学业，长期减少贷款拖欠20%。
Abstract Relying on a large-scale experiment in Peru, this study evaluates the effects of an in-class intervention on financial literacy and financial behaviour. As soon as the programme is over, treated students record significant financial literacy gains that do not hinder their academic performance. The programme also leads to immediate changes in downstream financial behaviour as measured by financial autonomy and financial savviness. Credit bureau records gathered three years later show that early improvements in financial literacy translate into limited, but positive long-lasting changes in financial behaviour. The treatment did not affect students’ credit or repayment behaviour on the extensive margin, but, among those few with outstanding loans, it reduced arrears by 20%.