Financial Education during COVID-19 - Assessing the effectiveness of an online programme in a high school

Agasisti, Tommaso; Cannistrà, Marta; Soncin, Mara; Marazzina, Daniele

doi:10.1080/00036846.2021.2016586

Cited by 5 publications

(1 citation statement)

References 27 publications

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“…The whole program was designed and taught by faculty of the Quantitative Finance Lab (QFinLab) of the Politecnico di Milano and lasted 10h (2h per module). It is worthwhile mentioning that both course and tests have been already delivered (and tested) in a secondary school project, detecting positive and significant effects on participating students (Agasisti et al, 2022). Compared to the former intervention, some changes have been made to the course tests: less focused on mathematical exercises, more on concepts and real‐world problems.…”

Section: Design and Conceptual Frameworkmentioning

confidence: 99%

It's never too late to be financially literate: Evaluating a financial education intervention for adults in Italy

Iannotta,

Cannistrà,

Agasisti

2024

Journal of Consumer Affairs

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Financial education represents a powerful tool for improving economic literacy of citizens. This paper presents results from an experiment providing a group of 136 workers in an Italian university (administrative staff) an online, synchronous course. Classes were organized in 5 sessions of 2h each and covered basic topics about personal finance. The effectiveness of the course is assessed through a rigorous randomized controlled trial (RCT). In addition to the analysis of improvements in financial knowledge, financial self‐efficacy and the role of prior attitudes and behaviors were explored. Participants obtained post‐test scores statistically higher than individuals in the control group, with an average effect size of 0.55 SD. The effect is particularly relevant for participants starting with low levels of financial knowledge. Moreover, two novel findings emerge: financial self‐efficacy increases (0.51 SD) after the course, and pre‐treatment individuals' financial attitudes and behaviors shed further light on the financial learning process.

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Section: Design and Conceptual Frameworkmentioning

confidence: 99%