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The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioural frictions. Undersaving can have important welfare consequences: variable consumption,...
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problem. When it comes to global poverty, people are passionate and polarized. At one extreme: We just need to invest more … what really works to reduce poverty; in so doing, it reveals how to better invest those billions and begin transforming the … problem. When it comes to global poverty, people are passionate and polarized. At one extreme: We just need to invest more …
Persistent link: https://www.econbiz.de/10009126742
The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and sub-optimal design. This could lead to undersaving compared to a world without market or behavioral frictions. Undersaving has important welfare consequences: variable consumption, low...
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Social protection programs are needed more than ever during periods of social upheaval, but are also likely to be even harder to implement successfully. Furthermore, social upheaval makes measuring the impact of such policies all the more difficult. We study the impact of a multi-faceted social...
Persistent link: https://www.econbiz.de/10012481437
Social protection programs are needed more than ever during periods of social upheaval, but are also likely to be even harder to implement successfully. Furthermore, social upheaval makes measuring the impact of such policies all the more difficult. We study the impact of a multi-faceted social...
Persistent link: https://www.econbiz.de/10012828059