The effects of financial aid on graduation and labor market outcomes: New evidence from matched education-labor data

Rattini, Veronica

doi:10.1016/j.econedurev.2023.102444

Cited by 2 publications

(2 citation statements)

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“…Lastly, the positive relationship between the independent variables and Company Financial Performance is supported by various studies (Ghafoori et al, 2021;Rattini, 2023;Rodriguez-Raga & Martinez-Camelo, 2022;Schoofs, 2022;Urban, 2023). Employees with a solid understanding of financial concepts, coupled with the ability to manage their finances efficiently and actively participate in HR management programs, can contribute to the company's financial performance.…”

Section: Relationship Between Financial Education Financial Knowledge...mentioning

confidence: 89%

“…Good personal financial management not only benefits individual employees, but also has a positive impact on the company. Employees who have a good understanding of finance tend to be more productive, less stressed about financial matters, and prepared to deal with unexpected financial situations (Rattini, 2023). One of the factors that influence employees' financial knowledge and adoption of financial behaviors is the availability of resources for financial education provided by the company where they work (Harvey & Urban, 2023).…”

Section: Introductionmentioning

confidence: 99%

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Financial Literacy-based HRM: Optimizing Human Resource Performance Through Financial Education

Rostini,

Siti Mariam,

Yana Ameliana

2023

ATESTASI

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The purpose of this study is to analyze the causality of the relationship between Financial Education, Availability of Human Resources for Financial Education, Financial Knowledge, Adoption of Financial Behavior, HR Performance, Employee Financial Productivity, Corporate Financial Welbeing. This study uses a quantitative approach which is then processed using smartpls as an analysis tool. The data collection method used an online questionnaire addressed to 268 respondents. The results of this study state that overall, this research illuminates the importance of individual financial behavior in an organizational context. By highlighting Adoption of Financial Behavior as the focal point, this study shows that individual financial behavior has a significant impact on the company's financial well-being, employee productivity, and overall human resource performance. Managerial implications affirm the need for greater investment in financial education in the workplace to shape positive financial behaviors and support the financial well-being of the firm. Meanwhile, the theoretical implications reinforce the conceptual basis of the role of financial education in shaping prudent financial behavior in an organizational context. With an emphasis on financial education and a better understanding of individual financial behaviors, management can strengthen the financial foundation of the firm, increase employee productivity, and improve overall human resource performance, forming a crucial step towards sustainable financial well-being for the organization.

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Section: Relationship Between Financial Education Financial Knowledge...mentioning

confidence: 89%

Section: Introductionmentioning

confidence: 99%

Financial Literacy-based HRM: Optimizing Human Resource Performance Through Financial Education

Rostini,

Siti Mariam,

Yana Ameliana

2023

ATESTASI

View full text Add to dashboard Cite

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Employment and salaries of university graduates: impact evaluation of a financial aid programme by means of propensity score matching

Hernández-Medina,

Goncalves Hernández,

Morales La Paz

2024

SUMNEG

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Introduction / Objective: Educational funding in Venezuela is limited, especially in private higher education institutions, due to existing budget constraints. Despite these limitations, some grant programmes manage to serve a significant proportion of students. The purpose of this research was to evaluate the impact of a financial aid programme at a Latin American university by analysing the probability of employment and remuneration at three key points in time: during the degree programme, upon graduation, and three years after graduation. Methodology: A sample of graduates from various programmes was used, and information about their career paths was collected by means of a follow-up survey. The analysis was conducted using propensity score matching through the Average Treatment Effect on the Treated (ATT) estimator, employing both parametric and non-parametric methods. Results: The results indicate an inverse relationship between the financial aid received and the salary earned during the evaluation periods, alongside a positive relationship with the probability of being employed. However, none of the estimated coefficients were significant, whether for the nearest neighbour, the 5 or 10 nearest neighbours, the Kernel estimation, or the local linear estimation, taking into account the common support and the 20% trimming. Conclusions: It cannot be concluded that the grant received during the degree programme significantly improves employment and remuneration outcomes. This suggests the need for a comprehensive programme that includes support in job placement processes in order to enhance these outcomes.

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The effects of financial aid on graduation and labor market outcomes: New evidence from matched education-labor data

Cited by 2 publications

References 50 publications

Financial Literacy-based HRM: Optimizing Human Resource Performance Through Financial Education

Financial Literacy-based HRM: Optimizing Human Resource Performance Through Financial Education

Employment and salaries of university graduates: impact evaluation of a financial aid programme by means of propensity score matching

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