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Title: Is High School the Right time to Teach Self-Control? The Effect of Financial Education and Mathematics Courses on Savings Behavior

Citation Type: Miscellaneous

Publication Year: 2010

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Abstract: 2010 AbstractHousehold financial behavior affects household welfare and the economy at large.Yet our understanding of how to improve financial decisions is limited. Recent liter'ature and policy attention have focused on financial education, for example, in highschool. We use variation in state reforms on high school graduation requirementsto examine the impact on asset accumulation. In contrast to previous research, wefind that state mandates requiring students take a financial literacy course do notaffect the propensity to save. We also find that state reforms increasing the num'ber of required math courses improve financial behavior for women, but not men.Keywords: education, financial participation, savings, financial literacy

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Authors: Cole, Shawn; Shastry, Gauri K.

Publisher: Harvard Business School and Wellesley College

Data Collections: IPUMS USA

Topics: Education

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