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PRWP

Reproducibility package for Experimental Evaluation of a Financial Education Program in Elementary and Middle School Grades

2023
Get Reproducibility Package
Reference ID
RR_BRA_2023_PRWP-10511_v01
DOI
https://doi.org/10.60572/dprw-r444
Author(s)
Caio Piza, Isabela Furtado, Vivian Amorim
Collections
World Bank Policy Research Working Papers
Metadata
JSON
Created on
Nov 06, 2023
Last modified
Nov 06, 2023
  • Overview
  • Reproducibility Package
  • Description
  • Scope and coverage
  • Disclaimer
  • Access and rights
  • Contacts
  • Information on metadata
  • Citation

    • Overview

    Abstract

    This paper investigates whether providing financial education in elementary and middle school grades improves students’ financial proficiency and actual behavior. It uses a cluster randomized control trial to evaluate a pilot program implemented in 101 Brazilian municipal schools in 2015. The findings show positive impacts on financial proficiency, mainly among middle school students, and suggestive evidence of improvements in short-term behavioral outcomes. However, the analysis indicates that the program did not impact students’ school achievements in both the short and longer terms, which suggests that the program’s effects were not strong enough to shift students’ behavior decisions.

    Reproducibility Package

    Scripts
    Get Reproducibility Package
    Title
    Reproducibility package (code and partial data) for Experimental Evaluation of a Financial Education Program in Elementary and Middle School Grades
    Date
    2023-10
    Software
    Stata
    Dependencies
    sumstats, estout, unique, moremata, ietoolkit, ivreg2, mdesc, ranktest, ritest, rsort, mediation, outreg2, sxpose. All dependencies are included in the ado folder of the reproducibility package.
    Notes
    Computational reproducibility verified by Development Impact (DIME) Analytics team, World Bank.
    Source code repository
    Repository name URI
    Reproducible Research Repository (World Bank) https://reproducibility.worldbank.org
    Software
    Name
    Stata
    Version
    17

    Reproducibility

    Technology environment

    Paper exhibits were reproduced in one computer with the following specifications:
    • OS: Windows 10 Enterprise, version 21H2
    • Processor: Intel(R) Xeon(R) Gold 6226R CPU @ 2.9GHz (20 CPUs)
    • Memory available: 128 GB
    • Software version: Stata 17
    Technology requirements

    ~6 hours runtime
    Reproduction instructions

    Change the directory global in line 66 of the main do-file and run it.

    Data

    Datasets
    Name
    Student performance data collected by Instituto Nacional de Estudos e Pesquisas Educacionais (INEP) of the Ministry of Education of Brazil
    Access policy
    Data was analyzed in a cold room in INEP facilities and is not public.
    Name
    Student financial proficiency and behavior collected by The Center of Public Policy and Education Evaluation (CAEd)
    Access policy
    Data is public and included in the reproducibility package.
    Data statement

    This paper uses both public and confidential data. All public data is included in this reproducibility package. The package does not include the administrative data on student performance shared by Instituto Nacional de Estudos e Pesquisas Educacionais (INEP) of the Ministry of Education of Brazil. This data was accessed in a cold room in INEP facilities.

    Description

    Output
    Type
    Working paper
    Title
    Experimental Evaluation of a Financial Education Program in Elementary and Middle School Grades
    Authors
    Caio Piza, Isabela Furtado, Vivian Amorim
    Description
    Policy Research Working Paper (PRWP)
    URL
    https://openknowledge.worldbank.org/handle/10986/40022
    DOI
    https://doi.org/10.1596/1813-9450-10511
    Authors
    Author Affiliation Email
    Caio Piza World Bank caiopiza@worldbank.org
    Isabela Furtado Insper - Institute of Education and Research isabelabf@insper.edu.br
    Vivian Amorim World Bank vamorim@worldbank.org
    Date of production

    2023-06

    Scope and coverage

    Geographic locations
    Location Code
    Brazil BRA
    Topics
    ID Topic Vocabulary Vocabulary URI
    D14 Household Saving • Personal Finance JEL Classifications
    I21 Analysis of Education JEL Classifications
    I25 Education and Economic Development JEL Classifications
    O12 Microeconomic Analyses of Economic Development JEL Classifications
    O15 Human Resources • Human Development • Income Distribution • Migration JEL Classifications

    Disclaimer

    Disclaimer

    The materials in the reproducibility packages are distributed as they were prepared by the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this event do not necessarily reflect the views of the World Bank, the Executive Directors of the World Bank, or the governments they represent. The World Bank does not guarantee the accuracy of the materials included in the reproducibility package.

    Access and rights

    License
    Name URI
    Modified BSD3 https://opensource.org/license/bsd-3-clause/

    Contacts

    Contacts
    Name Affiliation Email
    Caio Piza World Bank caiopiza@worldbank.org
    WB Reproducibility World Bank reproducibility@worldbank.org

    Information on metadata

    Producers
    Name Abbreviation Affiliation Role
    San Martin LSM World Bank Junior data scientist
    Date of Production

    2023-10-20
    Document version

    1

    Citation

    Citation
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