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The effect of financial education on pupils' financial knowledge and skills: Evidence from a Solomon four-group design.

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Title: The effect of financial education on pupils' financial knowledge and skills: Evidence from a Solomon four-group design.
Authors: Dare, Shekinah E., van Dijk, Wilco W., van Dijk, Eric, van Dillen, Lotte F., Gallucci, Marcello, Simonse, Olaf
Source: Journal of Educational Research. 2020, Vol. 113 Issue 2, p93-107. 15p. 8 Charts, 2 Graphs.
Subjects: Finance education, Educational programs, Performance in children, Educability, School children
Abstract: The present study used a Solomon four-group quasi-experimental design to examine the short-term effect of a large-scale national financial education program on children's knowledge and skills in responsible spending and performing transactions effectively. Our study included a representative sample of Dutch pupils in the fifth grade of primary school (N = 2,650). Controlling for different children-specific characteristics, results showed that the program increased pupils' knowledge and skills scores in performing transactions effectively, but not in responsible spending. The insights gained from the present study show how financial education programs that enable children to immediately apply what they learn in practice can improve children's knowledge and skills regarding certain financial competencies. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Educational Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: The effect of financial education on pupils' financial knowledge and skills: Evidence from a Solomon four-group design.
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  Data: <searchLink fieldCode="AR" term="%22Dare%2C+Shekinah+E%2E%22">Dare, Shekinah E.</searchLink><br /><searchLink fieldCode="AR" term="%22van+Dijk%2C+Wilco+W%2E%22">van Dijk, Wilco W.</searchLink><br /><searchLink fieldCode="AR" term="%22van+Dijk%2C+Eric%22">van Dijk, Eric</searchLink><br /><searchLink fieldCode="AR" term="%22van+Dillen%2C+Lotte+F%2E%22">van Dillen, Lotte F.</searchLink><br /><searchLink fieldCode="AR" term="%22Gallucci%2C+Marcello%22">Gallucci, Marcello</searchLink><br /><searchLink fieldCode="AR" term="%22Simonse%2C+Olaf%22">Simonse, Olaf</searchLink>
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Educational+Research%22">Journal of Educational Research</searchLink>. 2020, Vol. 113 Issue 2, p93-107. 15p. 8 Charts, 2 Graphs.
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  Data: <searchLink fieldCode="DE" term="%22Finance+education%22">Finance education</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+programs%22">Educational programs</searchLink><br /><searchLink fieldCode="DE" term="%22Performance+in+children%22">Performance in children</searchLink><br /><searchLink fieldCode="DE" term="%22Educability%22">Educability</searchLink><br /><searchLink fieldCode="DE" term="%22School+children%22">School children</searchLink>
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  Label: Abstract
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  Data: The present study used a Solomon four-group quasi-experimental design to examine the short-term effect of a large-scale national financial education program on children's knowledge and skills in responsible spending and performing transactions effectively. Our study included a representative sample of Dutch pupils in the fifth grade of primary school (N = 2,650). Controlling for different children-specific characteristics, results showed that the program increased pupils' knowledge and skills scores in performing transactions effectively, but not in responsible spending. The insights gained from the present study show how financial education programs that enable children to immediately apply what they learn in practice can improve children's knowledge and skills regarding certain financial competencies. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Educational Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Text: English
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