The effects of high school personal financial education policies on financial behavior
By Carly Urban, Maximilian D. Schmeiser, J. Collins, Alexandra Brown. Economics of Education Review, 2020
158 citations recorded by the source corpus.
Abstract High schools in the United States are increasingly requiring their students to complete financial education prior to graduation. This study estimates the effects of these requirements on the credit report outcomes of 18- through 21-year-olds—young people just establishing their financial independence. We find that financial education requirements are associated with fewer defaults and higher credit scores among young adults, but this general finding masks important heterogeneity at the state level. We conclude that well-funded teacher preparation may be key to successfully implementing financial education programs.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/4a20fd6f757be8487228fd43a39e7a30b91196dd
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
In Economics and Econometrics
In Finance
Citations in the corpus
- Financial education in schools: A meta-analysis of experimental studies (2020, background): “, reduction in defaults) and savings outcomes (see Bernheim et al., 2001; Brown et al., 2016; Cole et al., 2016; Urban et al., 2018).”