Narrow search
Showing 1 - 10 of 2,584
Cover Image
The racial saving gap enigma : unraveling the role of institutions
Belton, Willie James (contributor);  … - 2008
transmitted through culture can help to explain this persistent saving disparity. -- Savings gap ; institutions ; race ; culture … evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions …
Persistent link: https://www.econbiz.de/10003724139
Cover Image
Culture and adult financial literacy: evidence from the United States
Davoli, Maddalena; Rodríguez-Planas, Núria - 2020
Using a US nationally representative sample of over 6,000 adults from 26 countries of ancestry, we find a strong association between their financial literacy in the US and the financial literacy level in their self-reported country of ancestry. More specifically, if an individual from a country...
Persistent link: https://www.econbiz.de/10012237342
Cover Image
Discounting financial literacy : time preferences and participation in financial education programs
Meier, Stephan (contributor); Sprenger, Charles (contributor) - 2008
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/10003719622
Cover Image
Inter-institutional cooperation and migrants' financial education : an Italian case study
Nocito, Samuel; Venturini, Alessandra - 2024
institutions, cooperatives, and non-profit associations in expanding the reach and effectiveness of financial education projects …
Persistent link: https://www.econbiz.de/10015046100
Cover Image
Under-savers anonymous : evidence on self-help groups and peer pressure as a savings commitment device
Kast, Felipe; Meier, Stephan; Pomeranz, Dina - 2012
While commitment devices such as defaults and direct deposits from wages have been found to be highly effective to increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer groups are an alternative commitment device that is...
Persistent link: https://www.econbiz.de/10009530133
Cover Image
Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country
Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10010516460
Cover Image
The financial support for long-term elderly care and household savings behaviour
Ohinata, Asako; Picchio, Matteo - 2015
We analyse how the financial support for long-term elderly care affects the level of household savings. Using a difference-in-differences estimator, we investigate the 2002 Scottish reform, which introduced free formal personal care for all the elderly aged 65 and above residing in Scotland. Our...
Persistent link: https://www.econbiz.de/10011308491
Cover Image
Using bank savings product design for empowering women and agricultural development
Galdo, Jose - 2021
This study examines whether the random allocation of single and joint saving accounts to cash crop farmers in rural Ethiopia is associated with changes in decision-making authority and control over resources that ultimately lead to changes in labor effort, schooling allocations, income,...
Persistent link: https://www.econbiz.de/10012583678
Cover Image
Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...
Persistent link: https://www.econbiz.de/10009631456
Cover Image
Predicting retirement savings using survey measures of exponential-growth bias and present bias
Goda, Gopi Shah; Levy, Matthew; Flaherty Manchester, … - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential-growth bias (EGB) and present bias (PB). We find that EGB, the tendency to neglect compounding, and PB, the tendency to value the present over the future, are highly significant...
Persistent link: https://www.econbiz.de/10011902764