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This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high-income countries with...
Persistent link: https://www.econbiz.de/10008466447
. We show that these policies have a positive and significant effect on both knowledge of financial instruments and …
Persistent link: https://www.econbiz.de/10010959735
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10005761687
The tendency to underestimate the future value of a variable growing at a constant rate, an example of exponential growth bias, has been linked to household financial decision making. We show that exponential growth bias and standard measures of financial literacy are negatively correlated in a...
Persistent link: https://www.econbiz.de/10009151027
occupation it may harm some workers while benefitting others; and it may either reduce or increase the proportion of knowledge … workers in employment. In my model, knowledge (in a broad sense) is an input into the production function of human capital …-quality one. People differ in their exogenous ability and ability is complementary with the quality of the knowledge input in the …
Persistent link: https://www.econbiz.de/10005762378
knowledge of students in treatment and control schools. In another specification, we use school fixed-effect estimates of the … effect of the course on change in the score in tests of financial knowledge. The program increased treated students …' financial knowledge by between one fourth and one third of a standard deviation. We uncover heterogeneous effects, as students …
Persistent link: https://www.econbiz.de/10011206857
the employer's knowledge (information) regarding the employees' productivity levels on the total time spent by the workers …
Persistent link: https://www.econbiz.de/10010695868
-interest, knowledge, and ideology in public opinion formation? And how do people learn about economic issues? Using a new, specially … important. Knowledge about the economy ranks somewhere in between. …
Persistent link: https://www.econbiz.de/10005822441
direct impact on knowledge and use of contraception. We investigate this issue using information on women in Mexico. In order … females' schooling beyond 6th grade increases their knowledge of contraception during their reproductive years and increases …
Persistent link: https://www.econbiz.de/10010764620
the complexity of pensions systems and degrees of myopia. In this paper, we assess levels of knowledge of pensions using a …
Persistent link: https://www.econbiz.de/10011079237