Menu
Log in

National Association of  Economic Educators

Log in

Any NAEE member has permission to publish a blog post here. Tell us about your research or thoughts on topics related to economic education.

  • Monday, December 10, 2018 8:52 AM | Derek D'Angelo (Administrator)

    Abdullah Al‐Bahrani , Jamie Weathers , Darshak Patel

    First published: 07 June 2018

    https://doi.org/10.1111/joca.12205

    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. Thus, the impact of being white alone persists, indicating a racial financial literacy and/or behavioral difference despite financial literacy education. Our findings have implications for policymakers interested in narrowing the racial wealth gap via financial literacy education.

Journal of Economic Education


Journal of Economics Teaching


 NAEE is a 501(c)(3) corporation
 Federal Tax ID: 31-1093778

P.O. Box 27925
Omaha, NE 68127
Powered by Wild Apricot Membership Software