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Fictional Money, Real Costs: Impacts of Financial Salience on Disadvantaged Students
American Economic Review ( IF 10.7 ) Pub Date : 2022-03-01 , DOI: 10.1257/aer.20201661
Claire Duquennois 1
Affiliation  

Disadvantaged students perform differentially worse when randomly given a financially salient mathematics exam. For students with socioeconomic indicators below the national median, a 10 percentage point increase in the share of monetary themed questions depresses exam performance by 0.026 standard deviations, about 6 percent of their performance gap. Using question-level data, I confirm the role of financial salience by comparing performance on monetary and highly similar non-monetary questions. Leveraging the randomized ordering of questions, I identify an effect on subsequent questions, providing evidence that the attention capture effects of poverty affect policy relevant outcomes outside of experimental settings. (JEL G53, I21, I24, I32, J13, O15)

中文翻译:

虚构金钱,真实成本:财务显着性对弱势学生的影响

当随机进行财务突出的数学考试时,弱势学生的表现会差很多。对于社会经济指标低于全国中位数的学生,货币主题问题的比例增加 10 个百分点会使考试成绩降低 0.026 个标准差,约占他们成绩差距的 6%。使用问题级别的数据,我通过比较货币问题和高度相似的非货币问题的表现来确认金融显着性的作用。利用问题的随机顺序,我确定了对后续问题的影响,提供了证据证明贫困的注意力捕获效应会影响实验环境之外的政策相关结果。(JEL G53、I21、I24、I32、J13、O15)
更新日期:2022-03-01
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