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> I'd like to see this claim validated experimentally. In 2020, there was a meta-analysis of 76 RCT studies reviewing the impact of financial education program
by hhs 5y ago
> I'd like to see this claim validated experimentally.
In 2020, there was a meta-analysis of 76 RCT studies reviewing the impact of financial education programs on financial knowledge and human behaviors [0, 1].
Based on the abstract, the authors write: “The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment effects are economically meaningful in size, similar to those realized by educational interventions in other domains and are at least three times as large as the average effect documented in earlier work. These results are robust to the method used, restricting the sample to papers published in top economics journals, including only studies with adequate power, and accounting for publication selection bias in the literature.” [0]
[0]: https://repository.upenn.edu/prc_papers/676/ https://repository.upenn.edu/prc_papers/676/
[1]: https://www.oecd.org/financial/education/webinar-financial-education-affects-financial-knowledge-and-downstream-behaviors.pdf https://www.oecd.org/financial/education/webinar-financial-e...