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dc.contributor.authorSalas Velasco, Manuel
dc.identifier.citationSalas-Velasco, Manuel. 2022. Causal Effects of Financial Education Intervention Aimed at University Students on Financial Knowledge and Financial Self-Efficacy. Journal of Risk and Financial Management 15: 284. []es_ES
dc.description.abstractBased on a randomized controlled experiment among final-year undergraduate students, we provide an assessment of the treatment effects of financial education intervention focused on debt-financed graduate education decision-making. Specifically, this study finds positive treatment effects on both college seniors’ objective financial knowledge and subjective financial knowledge and self-confidence (i.e., perceived financial self-efficacy). Individual financial well-being is thought to be enhanced by improved financial knowledge test scores and perceived financial self-efficacy. In addition, we carry out a causal mediation analysis to investigate the extent to which objective financial knowledge plays a mediating role in the effect of financial education treatment on the intervention outcome (perceived financial self-efficacy). The mediation proportion, the proportion of treatment effect on outcome explained by the intermediate variable of financial knowledge, is around 21%, which is important. Thus, policies that aim to improve financial capabilities among college students through financial education programs should be aware that financial literacy is a significant antecedent of (a prerequisite for) financial self-efficacy.es_ES
dc.description.sponsorshipFUNCASEDUCA Program EF021/2018es_ES
dc.rightsAtribución 4.0 Internacional*
dc.subjectFinancial educationes_ES
dc.subjectFinancial literacyes_ES
dc.subjectFinancial self-efficacyes_ES
dc.subjectCausal mediation analysises_ES
dc.subjectRandomized controlled experimentes_ES
dc.titleCausal Effects of Financial Education Intervention Aimed at University Students on Financial Knowledge and Financial Self-Efficacyes_ES

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Atribución 4.0 Internacional
Except where otherwise noted, this item's license is described as Atribución 4.0 Internacional