The study assesses the effectiveness of 'Women Matter', a financial education program developed by the Bank of Italy. The analysis uses information collected during the pilot edition of the initiative, conducted between 2022 and 2023, specifically targeting female employees. The analysis is based on a comparison of the results between women who participated in the course (treatment group) and a group of female employees with similar characteristics who did not participate (control group).
The program's participants enhanced their financial skills, achieving an average score increase of approximately 30 per cent. The benefits were greater for younger workers and those less familiar with financial instruments.
