All of Scioteca
Communities & Collections By Issue Date Authors Titles Subjects Country / Region
Profiles
Our Authors
My Account
Login

Lasting Lessons: The Long-Term Impacts of School-Based Financial Education

This study experimentally examines the long-term effects of school-based financial education, analyzing data from nearly 60,000 individuals in Peru, seven years post-intervention. Treated students increased their total debt by 7.2% and average loan size by 7.8%, shifting from revolving to non-revolving credit. Borrowing terms improved slightly, and repayment performance remained unaffected despite increased borrowing. Formal employment and business formation remained unchanged. Impacts were equitable across sex and socioeconomic status, but higher performing students gained more in credit access. During the COVID-19 pandemic, financial education enhanced resilience by reducing reliance on revolving credit in favor of productive loans.

Abstract

Description

Subject

Educación | Estudiantes | Finanzas | Jóvenes | Sector académico | Habilidades y destrezas | Investigación socioeconómica

País / Región

Perú

URI

https://scioteca.caf.com/handle/123456789/2534

Date

2025-10-30

Cite from this publication

Collections

6.1 Documentos de trabajo en investigación socioeconómica

Endorsement

Review

Supplemented By

Referenced By

Creative Commons license

CC-BY-NC-ND
Except where otherwised noted, this item's license is described as CC-BY-NC-ND
Thumbnail Image

Files

Lasting lessons. The long term impacts of school based financial education.pdf (995.08 KB)

Authors

Journal Title

Journal ISSN

Volume Title

Publisher

Related Items

Thumbnail Image
N° 4. Entrepreneurship in the University systems. The Tecnológico de Monterrey

Ever since it was founded, the Tecnológico de Monterrey (Monterrey Technological University) has been an institution widely known for its excellent university training and instilling...

Thumbnail Image
Access to Financing of SMEs in Argentina

In this paper, we examine SMEs in Argentina in search for a measurement of those who are credit constrained. We also estimate a model for...

Thumbnail Image
Credit Constraints for Higher Education

This paper addresses the importance of credit constraints explaining the gap on college enrollment between students coming from rich and poor families. Measuring the effect...

Thumbnail Image
High-integrity Voluntary Carbon Markets in the Global South: options for Policymakers in Latin America and the Caribbean

Limiting global warming to 1.5°C, in line with the Paris Agreement, requires that global annual greenhouse gas (GHG) emissions be cut by 50 percent of...

Thumbnail Image
Default and Recovery Statistics. Public Lending 1994-2025

The Global Emerging Markets Risk Database (GEMs) Consortium, a joint initiative of the European Investment Bank (EIB) and the International Finance Corporation (IFC), was established...

Thumbnail Image
Default and Recovery Statistics. Private Lending 1994-2025

The Global Emerging Markets Risk Database (GEMs) Consortium, a joint initiative of the European Investment Bank (EIB) and the International Finance Corporation (IFC), was established...