Can Financial Education Reduce Domestic Violence?

60 Pages Posted: 7 Apr 2021 Last revised: 19 May 2023

See all articles by Phong T. H. Ngo

Phong T. H. Ngo

Australian National University (ANU)

Diego Puente-Moncayo

Australian National University (ANU)

Date Written: May 19, 2023


Yes. Using data on more than 3.7 million intimate partner violence incidents between 1994 and 2016, and exploiting the introduction of state-mandated personal finance high school graduation requirements in U.S. states for identification, we show that financial education can significantly reduce the rates of violence against women perpetrated by their male partners. We conservatively estimate a reduction in violence by between 3% and 11%. Our evidence points to financial education raising awareness and confidence which increases women's outside options and deters financial abuse thereby empowering women to leave abusive relationships earlier or preventing the first incident from ever occurring.

Keywords: financial education, financial literacy, financial confidence, financial abuse, domestic violence

JEL Classification: A20, G53, H75, J16

Suggested Citation

Ngo, Phong T. H. and Puente Moncayo, Diego, Can Financial Education Reduce Domestic Violence? (May 19, 2023). Available at SSRN: or

Phong T. H. Ngo (Contact Author)

Australian National University (ANU) ( email )

RSFAS, College of Business and Economics
Australian National University
Canberra, Australian Capital Territory 0200
+61 2 6125 1079 (Phone)


Diego Puente Moncayo

Australian National University (ANU) ( email )

Canberra, Australian Capital Territory 2601

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
PlumX Metrics