TY  - RPRT
        AU  - Sutter, Matthias
AU  - Weyland, Michael
AU  - Untertrifaller, Anna
AU  - Froitzheim, Manuel
AU  - Schneider, Sebastian O.
        TI  - Financial Literacy, Experimental Preference Measures and Field Behavior – A Randomized Educational Intervention
        PY  - 2023/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16102
        UR  - https://www.iza.org/publications/dp16102
        AB  - We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave more patiently, more time-consistent, and more risk-averse. 
These effects persist for up to almost 5 years after our intervention. Behavior in the risk and time preference tasks is related to financial behavior outside the lab, in particular spending patterns. This shows that teaching financial literacy affects economic decision-making which in turn is important for field behavior. 

        KW  - financial behavior
KW  - time preferences
KW  - risk preferences
KW  - randomized intervention
KW  - financial literacy
KW  - field experiment
        ER  -