Racial Differences in the Returns to Financial Literacy Education
Abstract
We examine financial literacy and the returns to financial literacy education, specifically focusing on the racial financial literacy gap. We confirm evidence that whites have higher financial literacy scores relative to minorities and that financial literacy increases with participation in financial literacy education. However, we find the benefit of participation in financial literacy education is higher for whites than that for minorities....
Paper Details
Title
Racial Differences in the Returns to Financial Literacy Education
Published Date
Jun 23, 2018
Journal
Volume
53
Issue
2
Pages
572 - 599
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