of financial inclusion on welfare and inequality. We find that significant consumption inequality can result from limited … simple model is able to account for approximately a third of the observed consumption inequality. We analyze various policies … decrease in welfare and an increase in consumption inequality. Moreover, we find that a direct benefit transfer to bank account …

inequality and welfare. We find that consumption inequality results from differences in agents' decision to access financial … third of observed consumption inequality. Finally, we analyze various policies aimed at increasing financial inclusion and … find that a direct transfer to bank account holders yields the highest welfare and lowest consumption inequality. …

high levels of inequality. Decomposition analysis shows that poverty reduction in Namibia is largely driven by growth in … mean incomes rather than redistribution. Even so, there have been important changes in inequality, especially between … different social groups, as educational attainment has replaced ethnicity as the main determinant of inequality between groups. …