There is a growing literature on the importance of adults’ financial education, especially in developed countries. The literature is less abundant when it comes to assessing the effect of financial education programs on the individuals’ financial knowledge and behavior, particularly in developing countries. This article evaluates the effect of Gestionando mis finanzas (GMF) on the financial knowledge and skills of college students in Peru. With a duration of one month, this virtual course of basic financial education was very effective in increasing the financial knowledge of the students. In addition to an increase by 0.96 standard deviations in the financial knowledge score, GMF had considerable effects on the self-perception of financial knowledge and mathematical skills, as well as on savings behavior. The effects on other aspects of financial behavior, such as price comparison b...

We study honesty using a two-player deception game, where players are required to report the group they belong to. The payoffs depend on the decisions of each pair of players, with lying yielding the highest individual payoff. Exploiting a between subjects design, we examine the effect of time (delay and pressure) and information (about the decisions of her peers) on lying and investigate whether these effects differ by gender. Using a sample from two private universities in Peru, we find that, on average, participants lie less in the delay treatment compared to the time pressure treatment, and that only the time pressure treatment shows a differential effect by gender. Additionally, we observe heterogeneity between the two colleges in both cases. Among the numerous potential correlates we analyze, the propensity to follow rules, risk aversion, loss aversion, guilt, and beliefs about oth...

There is a growing literature on the importance of adults’ financial education, especially in developed countries. The literature is less abundant when it comes to assessing the effect of financial education programs on the individuals’ financial knowledge and behavior, particularly in developing countries. This article evaluates the effect of Gestionando mis finanzas (GMF) on the financial knowledge and skills of college students in Peru. With a duration of one month, this virtual course of basic financial education was very effective in increasing the financial knowledge of the students. In addition to an increase by 0.96 standard deviations in the financial knowledge score, GMF had considerable effects on the self-perception of financial knowledge and mathematical skills, as well as on savings behavior. The effects on other aspects of financial behavior, such as price comparison b...

We study honesty using a two-player deception game, where players are required to report the group they belong to. The payoffs depend on the decisions of each pair of players, with lying yielding the highest individual payoff. Exploiting a between subjects design, we examine the effect of time (delay and pressure) and information (about the decisions of her peers) on lying and investigate whether these effects differ by gender. Using a sample from two private universities in Peru, we find that, on average, participants lie less in the delay treatment compared to the time pressure treatment, and that only the time pressure treatment shows a differential effect by gender. Additionally, we observe heterogeneity between the two colleges in both cases. Among the numerous potential correlates we analyze, the propensity to follow rules, risk aversion, loss aversion, guilt, and beliefs about oth...

There is a growing literature on the importance of adults’ financial education, especially in developed countries. The literature is less abundant when it comes to assessing the effect of financial education programs on the individuals’ financial knowledge and behavior, particularly in developing countries. This article evaluates the effect of Gestionando mis finanzas (GMF) on the financial knowledge and skills of college students in Peru. With a duration of one month, this virtual course of basic financial education was very effective in increasing the financial knowledge of the students. In addition to an increase by 0.96 standard deviations in the financial knowledge score, GMF had considerable effects on the self-perception of financial knowledge and mathematical skills, as well as on savings behavior. The effects on other aspects of financial behavior, such as price comparison b...

We study honesty using a two-player deception game, where players are required to report the group they belong to. The payoffs depend on the decisions of each pair of players, with lying yielding the highest individual payoff. Exploiting a between subjects design, we examine the effect of time (delay and pressure) and information (about the decisions of her peers) on lying and investigate whether these effects differ by gender. Using a sample from two private universities in Peru, we find that, on average, participants lie less in the delay treatment compared to the time pressure treatment, and that only the time pressure treatment shows a differential effect by gender. Additionally, we observe heterogeneity between the two colleges in both cases. Among the numerous potential correlates we analyze, the propensity to follow rules, risk aversion, loss aversion, guilt, and beliefs about oth...