El Departamento de Economía de la Universidad de Chile tiene el agrado de invitar a usted a un nuevo Seminario Académico:

Título - Financial Literacy and Investments in Higher Education

Presenta - Fernando López (Universidad Alberto Hurtado)

Autores - Fernando López (Universidad Alberto Hurtado) 

Abstract - Using a rich data set from a large U.S. non-profit organization, I find that low income post-secondary students are poorly informed about three main financial aspects of their higher education: future income, financing costs and opportunity cost of being enrolled. This result holds for students who are academically talented, have been exposed to financial education (including a semester-long personal finance class) and relevant financial experiences. Furthermore, the first round of results of a randomized controlled trial (N=117) suggests that an hour-long financial education workshop on the main financial aspects of college increases students’ GPA by 0.2 points (p-value=0.15) and their ability to receive financial aid from the non-profit organization by 11.4 percentage points (p-value=0.25).

JEL - G11, D14, J24, R20

Keywords - financial literacy, financial education, financial aid, human capital, randomized controlled trial.

El  Seminario  se realizará el miércoles 10 de septiembre de 13:00 a 14.00 hrs, en  la Sala P-307 Tercer Piso del edificio Placa de la Facultad de Economía y Negocios de la Universidad de Chile, ubicada en Diagonal Paraguay 257.