IDA participation and contribution level showed no statistically significant effect on financial knowledge gains from camp instruction¶

Claim · All claims
Evidence · 1 study · causal r1 · q2
Currency · newest study 2016 · not yet checked against its sources · not reviewed by a person

Subclaims¶

q2 i? Coefficients on IDA_low, IDA_med, and IDA_high in the gain score regression were positive in ordering but not statistically significant and sensitive to sample size. → Bhattacharya et al. 2016

Evidence¶

Bhattacharya et al. 2016¶

Radha Bhattacharya, Andrew Gill, and Denise Stanley. (2016). The Effectiveness of Financial Literacy Instruction: The Role of Individual Development Accounts Participation and the Intensity of Instruction. Journal of Financial Counseling and Planning, Volume 27, Number 1, 2016, 20–35. https://doi.org/10.1891/1052-3073.27.1.20

q2 · i? · causal · r1

OLS gain score regressions (Table 4, N = 82 down to 47) with binary IDA contribution indicators against the non-IDA reference group. The article reports the IDA coefficients were "not statistically significant"; no effect size is printed.

"However, these magnitudes are not statistically significant and also depict sensitivity to the decrease in sample size that occurs when parent variables are included."

Discussion¶

Related Claims¶

• Standardized Language Arts and Mathematics test scores, not GPA, predicted financial knowledge gains from the camp — related
• An additional 90 minutes of intensive instruction did not produce statistically significant gains in financial knowledge beyond the 11-hour camp — related
• Heckman two-step estimates found no evidence of selection bias in the pretest–posttest gain score regressions based on camp attendance — related
• A 1-week financial fitness camp raised financial knowledge of low-income 8th graders by roughly 12 percentage points on a pretest–posttest design — related
• Parents with high present bias were less likely to enroll their 8th graders in the financial literacy camp — related