We study how a 10-hour course about personal finance delivered in compulsory secondary education affects a wide range of student's outcomes over a three months horizon. The contents of the course covered budgeting, banking relationship and saving vehicles, but also awareness about future...

We conducted a randomized controlled trial where 3,000 9th grade students coming from 78 high schools received a financial education course at different points of the year. Right after the treatment, test performance increased by 16% of one standard deviation, treated youths were more likely to...

The Survey of Financial Competences shows that men are better at answering financial literacy questions than women. This article documents the magnitude of the gender gap in this area, reviews the hypotheses that, according to the academic literature, might explain the gender gap and quantifies...

In this paper we study the retirement patterns of couples in a multi-country setting using data from the Survey of Health, Aging and Retirement in Europe. In particular, we test whether women's (men's) transitions out of the labor force are causally related to the actual realization of their...

This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood...

The role of parenthood in the gender pay gap has been extensively discussed in the literature. Using data from social security records, we adopt the methods used for other countries to evaluate the existence of a child penalty in Spain, looking at disparities for women and men across different...

Using data from social security records and an event study approach, we estimate the child penalty in Spain, looking at disparities for women and men across different labor outcomes following the birth of the first child. Our findings show that, the year after the first child is born, mothers’...