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Gender and Student Achievement in Personal Finance: Evidence from Keys to Financial Success

Author

Listed:
  • Andrew T. Hill

    (Federal Reserve Bank of Philadelphia)

  • Carlos J. Asarta

    (Center for Economic Education and Entrepreneurship, University of Delaware)

Abstract

In this paper, we examine the performance of male and female students participating in a unique and successful high school program called Keys to Financial Success. Using the Financial Fitness for Life High School Test (FFFL-HS) results from 965 students enrolled in a one-semester Keys course, we discover no gender gap at the overall pretest level. We find, however, a significant gender gap favoring female students at the overall posttest level, a result that is also consistent with the overall performance of students participating in the norming of the FFFL-HS Test. We conclude by suggesting that the use of a carefully designed personal finance course, taught by instructors trained on the specific curriculum covered in that course, is essential for providing equal learning opportunities to both male and female high school students.

Suggested Citation

  • Andrew T. Hill & Carlos J. Asarta, 2015. "Gender and Student Achievement in Personal Finance: Evidence from Keys to Financial Success," Working Papers 15-01, University of Delaware, Department of Economics.
    • Handle: RePEc:dlw:wpaper:15-01
    as

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    File URL: http://www.lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2015/UDWP2015-01.pdf
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    References listed on IDEAS

    as
    1. Annamaria Lusardi & Olivia S. Mitchell & Vilsa Curto, 2009. "Financial Literacy among the Young: Evidence and Implications for Consumer Policy," NBER Working Papers 15352, National Bureau of Economic Research, Inc.
    2. Annamaria Lusardi & Olivia S. Mitchell & Vilsa Curto, 2009. "Financial Literacy among the Young," Working Papers wp191, University of Michigan, Michigan Retirement Research Center.
    3. Asarta, Carlos J. & Hill, Andrew T. & Meszaros, Bonnie T., 2014. "The features and effectiveness of the Keys to Financial Success curriculum," International Review of Economics Education, Elsevier, vol. 16(PA), pages 39-50.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    gender; gender gap; education; assessment; personal finance; K-12;
    All these keywords.

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • G00 - Financial Economics - - General - - - General

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