We show that receiving an allowance (pocket money) between age 8 and 12 increases financial confidence in adulthood. We measure the level of confidence using the self-reported financial knowledge. We carry out the analysis by using a Dutch survey conducted in 2015. We estimate causal effects by controlling for parental attitudes and using a “within family” fixed effect.

“’Four Bright Coins Shining at Me’”. Financial Education in Childhood, Financial Confidence in Adulthood”

FORNERO, Elsa Maria;ROSSI, Mariacristina;
2016

Abstract

We show that receiving an allowance (pocket money) between age 8 and 12 increases financial confidence in adulthood. We measure the level of confidence using the self-reported financial knowledge. We carry out the analysis by using a Dutch survey conducted in 2015. We estimate causal effects by controlling for parental attitudes and using a “within family” fixed effect.
CeRP working paper series
162/16
01
15
http://www.cerp.carloalberto.org/wp-content/uploads/2016/07/WP_162.pdf
Fornero, Elsa; Rossi, Mariacristina; Sansone, Dario
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2318/1621032
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