The Impact of Financial Education on Adolescents' Intertemporal Choices. / Luhrmann, Melanie; Serra-Garcia, Marta; Winter, Joachim.

In: American Economic Journal: Economic Policy, Vol. 10, No. 3, 08.2018, p. 309-332.

Research output: Contribution to journalArticle

Published

Standard

The Impact of Financial Education on Adolescents' Intertemporal Choices. / Luhrmann, Melanie; Serra-Garcia, Marta; Winter, Joachim.

In: American Economic Journal: Economic Policy, Vol. 10, No. 3, 08.2018, p. 309-332.

Research output: Contribution to journalArticle

Harvard

Luhrmann, M, Serra-Garcia, M & Winter, J 2018, 'The Impact of Financial Education on Adolescents' Intertemporal Choices', American Economic Journal: Economic Policy, vol. 10, no. 3, pp. 309-332. https://doi.org/10.1257/pol.20170012

APA

Luhrmann, M., Serra-Garcia, M., & Winter, J. (2018). The Impact of Financial Education on Adolescents' Intertemporal Choices. American Economic Journal: Economic Policy, 10(3), 309-332. https://doi.org/10.1257/pol.20170012

Vancouver

Luhrmann M, Serra-Garcia M, Winter J. The Impact of Financial Education on Adolescents' Intertemporal Choices. American Economic Journal: Economic Policy. 2018 Aug;10(3):309-332. https://doi.org/10.1257/pol.20170012

Author

Luhrmann, Melanie ; Serra-Garcia, Marta ; Winter, Joachim. / The Impact of Financial Education on Adolescents' Intertemporal Choices. In: American Economic Journal: Economic Policy. 2018 ; Vol. 10, No. 3. pp. 309-332.

BibTeX

@article{692bdbc542a343cd95f1930e51c96803,
title = "The Impact of Financial Education on Adolescents' Intertemporal Choices",
abstract = "We study the impact of financial education on intertemporal choice in adolescence. The educational program was randomly assigned among high-school students and choices were measured using an incentivized experiment. Students who participated in the program make more time-consistent choices; are more likely to allocate payments to a single payment date, as opposed to spreading payment across two dates; and display increased consistency of choice with the law of demand. These findings suggest that financial education increases the quality ofintertemporal decision-making and decreases narrow bracketing.",
keywords = "Intertemporal Choice, Financial Education, Experiment",
author = "Melanie Luhrmann and Marta Serra-Garcia and Joachim Winter",
year = "2018",
month = aug,
doi = "10.1257/pol.20170012",
language = "English",
volume = "10",
pages = "309--332",
journal = "American Economic Journal: Economic Policy",
issn = "1945-7731",
publisher = "American Economic Association",
number = "3",

}

RIS

TY - JOUR

T1 - The Impact of Financial Education on Adolescents' Intertemporal Choices

AU - Luhrmann, Melanie

AU - Serra-Garcia, Marta

AU - Winter, Joachim

PY - 2018/8

Y1 - 2018/8

N2 - We study the impact of financial education on intertemporal choice in adolescence. The educational program was randomly assigned among high-school students and choices were measured using an incentivized experiment. Students who participated in the program make more time-consistent choices; are more likely to allocate payments to a single payment date, as opposed to spreading payment across two dates; and display increased consistency of choice with the law of demand. These findings suggest that financial education increases the quality ofintertemporal decision-making and decreases narrow bracketing.

AB - We study the impact of financial education on intertemporal choice in adolescence. The educational program was randomly assigned among high-school students and choices were measured using an incentivized experiment. Students who participated in the program make more time-consistent choices; are more likely to allocate payments to a single payment date, as opposed to spreading payment across two dates; and display increased consistency of choice with the law of demand. These findings suggest that financial education increases the quality ofintertemporal decision-making and decreases narrow bracketing.

KW - Intertemporal Choice, Financial Education, Experiment

UR - https://www.aeaweb.org/articles?id=10.1257/pol.20170012

U2 - 10.1257/pol.20170012

DO - 10.1257/pol.20170012

M3 - Article

VL - 10

SP - 309

EP - 332

JO - American Economic Journal: Economic Policy

JF - American Economic Journal: Economic Policy

SN - 1945-7731

IS - 3

ER -