The Impact of Financial Education for Youth in Ghana / James Berry, Dean Karlan, Menno Pradhan.

Format:

Book

Author/Creator:

Berry, James.

Contributor:

National Bureau of Economic Research.

Karlan, Dean.

Pradhan, Menno.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21068.

NBER working paper series no. w21068

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

We evaluate, using a randomized trial, two school-based financial literacy education programs in government-run primary and junior high schools in Ghana. One program integrated financial and social education, whereas the second program only offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked money box. After nine months, both programs had significant impacts on savings behavior relative to the control group, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education, when not accompanied by social education, led children to work more compared to the control group, whereas no such effect is found for the integrated curriculum; however, the difference between the two treatment effects on child labor is not statistically significant.

Notes:

Print version record

April 2015.