“Does financial literacy of parents matter for the educational outcome of children?”

by Noemi Oggero, Mariacristina Rossi; CeRP WP 164/16

In this paper we analyse the academic outcomes of children and we correlate them to the educational level of their parents, including financial literacy as one of the main determinants. Financial literacy might increase the consciousness of the return to education, increasing the willingness to send children to further education. Our empirical results indeed prove that this is the case for Italian households.

published: October 2016