|
- State Mandated Financial Education and the Credit Behavior of Young Adults
Alexandra Brown, J Michael Collins, Maximilian Schmeiser, and Carly Urban Abstract: In the U S , a number of states have mandated personal finance classes in public school curricula to address perceived deficiencies in financial decision-making competency
- State Mandated Financial Education and the Credit Behavior of Young Adults
This paper uses a novel approach to independently examine the effect of specific, well-defined personal finance mandates in three states One response: Expand K-12 personal finance and economic education requirements
- State Mandated Financial Education and the Credit Behavior of Young Adults
We compare the credit scores and delinquency rates of young adults in each of these states pre- and post-implementation of the education to those of students in a synthetic control state and then bordering states without financial education
- The effects of high school personal financial education policies on . . .
We find that financial education requirements are associated with fewer defaults and higher credit scores among young adults, but this general finding masks important heterogeneity at the state level
- State Mandated Financial Education and the Credit Behavior of Young Adults
Hard to identify financial education effects if other education mandates (e g math, economics) change at the same time Ignoring these issues could bias estimates towards finding no effect
- State Mandated Financial Education and the Credit Behavior o
We compare the credit scores and delinquency rates of young adults in each of these states pre- and post-implementation of the education to those of students in a synthetic control state and then bordering states without financial education
- The Effects of High School Personal Financial Education Policies on . . .
We find that financial education requirements are associated with fewer defaults and higher credit scores among young adults, but this general finding masks important heterogeneity at the
- FRB: FEDS Abstract 2014-68 - Federal Reserve Board
Using a panel of credit report data, we examine young adults in three states where personal financial education mandates were implemented in 2007: Georgia, Idaho, and Texas
|
|
|