Abstract
Financial capability is an important competence for adolescents, and secondary school is a natural setting in which to deliver financial education courses. Currently, however, little empirical evidence has been published on the effects of in-school financial education on financial capability in adolescents. This pilot study brought together a randomized experimental design, a combination of local and non-local financial education courses, comprehensive measurements, and multi-level structural equation modeling for data analysis to evaluate the outcomes of a financial education project in a representative sample of Hong Kong adolescents. Results demonstrated that our financial intervention made a positive impact on objective financial knowledge and financial self-efficacy but a negative one on financial behaviors. Positive effects on financial self-efficacy were stronger in male adolescents than in females. Our findings represent an important contribution to the literature regarding financial education at the secondary school level. Copyright © 2019 Springer Nature B.V.
| Original language | English |
|---|---|
| Pages (from-to) | 1371-1386 |
| Journal | Child Indicators Research |
| Volume | 13 |
| Early online date | Dec 2019 |
| DOIs | |
| Publication status | Published - Aug 2020 |
Keywords
- Adolescents
- Financial capability
- Financial education
- Gender difference
- Randomized experimental trial
Fingerprint
Dive into the research topics of 'Impact of financial education on adolescent financial capability: Evidence from a pilot randomized experiment'. Together they form a unique fingerprint.- APA
- Standard
- Harvard
- Vancouver
- Author
- BIBTEX
- RIS