Teaching teenagers in finance : does it work ? ∗

  title={Teaching teenagers in finance : does it work ? ∗},
  author={Melanie L{\"u}hrmann and Marta Serra-Garcia and Joachim Winter},
Many initiatives worldwide aim at improving financial literacy through targeted education programs, yet there is little evidence regarding their effectiveness. We examine the impact of a short financial education program on teenagers in German high schools. Our findings reveal that the training program significantly increases teenagers’ interest in financial matters and their financial knowledge, especially their ability to properly assess the riskiness of assets. Behaviorally, we observe a… CONTINUE READING


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