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shortfalls. As a result, policy makers increasingly seek to understand retirement savings patterns, a crucial component of the … with high savings rates, are also more likely to save for old age. The paper also finds that measures to increase trust in …
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In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower economic...
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