Financial Education Interventions Targeting Immigrants and Children of Immigrants: Results from a Randomized Control Trial.

ABSTRACT: We document that immigrants in the United States differ from natives in several aspects relevant for their financial decision making. Based on these differences, we designed novel financial education materials targeted at US immigrants and their children and evaluated their effectiveness using a randomized control trial. To the best of our knowledge, this is the first rigorous evaluation of financial education programs targeted at this population. Compared to a control group, the groups that received the one-time educational intervention were more likely to correctly answer financial knowledge questions immediately after the intervention. The estimated effects of this one-time intervention on knowledge were large, but most of them faded away after six months. Moreover, we find little effec

SUBMITTER: Barcellos SH 

PROVIDER: S-EPMC6892458 | biostudies-literature | 2016

REPOSITORIES: biostudies-literature