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Loose Knots : Strong Versus Weak Commitments to Save for Education in Uganda
Karlan, Dean S. - 2014
, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings … which savings are available for cash withdrawal but intended for educational expenses. The weaker commitment generates … increased savings in the program accounts and when combined with a parent outreach program, higher expenditures on educational …
Persistent link: https://www.econbiz.de/10013060131
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Exponential Growth Bias and Financial Literacy
Almenberg, Johan - 2011
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/10013122964
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The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10012764244
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Determinants of Savings and Remittances : Empirical Evidence from Immigrants to Germany
Sinning, Mathias - 2021
is the correct specification for the analysis of migrants' savings and remittances rather than the conventional Tobit …
Persistent link: https://www.econbiz.de/10013316868
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The Impact of High School Financial Education on Financial Knowledge and Choices : Evidence from a Randomized Trial in Spain
Bover, Olympia - 2018
We conducted a randomized controlled trial where 3,000 9th grade students coming from 78 high schools received a financial education course at different points of the year. Right after the treatment, test performance increased by 16% of one standard deviation, treated youths were more likely to...
Persistent link: https://www.econbiz.de/10012929097
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Financial Literacy and Preparation for Retirement
Nolan, Anne - 2019
The economic and financial landscape facing individuals as they move through their life-cycle is becoming increasing complex. Internationally, declines in the coverage and generosity of public programmes mean that individuals now need to assume responsibility for a greater share of their future...
Persistent link: https://www.econbiz.de/10012870293
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Financial Literacy and Attitudes to Redistribution
Montagnoli, Alberto - 2017
This study combines novel financial-literacy data with measures of attitudes to redistribution from the British Election Study. We find a significant negative relationship between financial literacy and attitudes in favour of government intervention for income redistribution. The effect is...
Persistent link: https://www.econbiz.de/10012960256
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Gender, Financial Literacy and Pension Savings
Preston, Alison; Wright, Robert - 2022
relationship between the gender gap in financial literacy and the gender gap in pension savings amongst non-retired adults aged 18 … where the focus is on pension savings and a more structural specification where the focus is on the "pension return" (the … ratio of pension savings to cumulative earnings). Oaxaca-Blinder decomposition analysis suggests that around 8.5 per cent of …
Persistent link: https://www.econbiz.de/10013406439
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Large Panels with Common Factors andSpatial Correlations
Pesaran, Mohammad Hashem; Tosetti, Elisa - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper considers the statistical analysis of large panel data sets where even afterconditioning on common observed effects the cross section units might remain dependentlydistributed. This could arise when the cross section units are subject to unobserved commoneffects and/or if there are...
Persistent link: https://www.econbiz.de/10008939756
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Time Delay and Investment Decisions : Evidence from an Experiment in Tanzania
Nikolov, Plamen - 2019
Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk preferences. The field experiment proceeded in three stages: a...
Persistent link: https://www.econbiz.de/10012862462