Fictional Money, Real Costs: Impacts of Financial Salience on Disadvantaged Students

S-Tier
Journal: American Economic Review
Year: 2022
Volume: 112
Issue: 3
Pages: 798-826

Score contribution per author:

8.073 = (α=2.02 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:aea:aecrev:v:112:y:2022:i:3:p:798-826
Journal Field
General
Author Count
1
Added to Database
2026-01-25