Using High School Financial Literacy Education to Predict Future Income: A Story of Selection Bias

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dc.contributor.authorKent, Tyler
dc.date.accessioned2021-04-07T19:19:39Z
dc.date.available2021-04-07T19:19:39Z
dc.date.created2019
dc.description.abstractI use data from the National Financial Capabilities Study for 2009 to 2015 to analyze the effect high school financial literacy education has on future income levels. I use Ordinary Least Squared regression to measure this relationship. Finding evidence of selection bias with a negative coefficient on the education participants, I control for it with a Heckman 2-step model. After adjusting for selection bias, I find participation in high school literacy education has no effect on future levels of income and is driven by confidence. Lower levels of confidence are correlated with higher participation in financial literacy education and lower levels of confidence are associated with lower incomes.en_US
dc.description.sponsorshipAbdullah Al-Bahrani, Faculty mentoren_US
dc.identifier.urihttp://hdl.handle.net/11216/3675
dc.language.isoen_USen_US
dc.publisherNorthern Kentucky Universityen_US
dc.relation.ispartofNysa, the NKU Journal of Student Research;v. 2, Fall 2019en_US
dc.rightsCopyright retained by authoren_US
dc.subjectFinancial Literacyen_US
dc.subjectEconomics of Educationen_US
dc.titleUsing High School Financial Literacy Education to Predict Future Income: A Story of Selection Biasen_US
dc.typeArticleen_US

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