Purpose – The purpose of this paper is to reexamine the idea currently rampant in the mainstream economics literature that it is relative rather than real income that is of most importance for individual well-being and that both evidence on expressed happiness and individual “choices” in...

Purpose – The aim of this paper is to establish an original database from fieldwork on microfinance institutions in Cameroon. Design/methodology/approach – The main method used for the research involved statistical analysis of an original survey data. The latter fieldwork analysis has...

In this paper, we present an alternate proposal for house finance. In our proposal, the Islamic bank buys the house paying the house owner the full amount of the house and becomes the owner. Then, the bank gives the house on rent to the client and the Islamic bank also enters into an options...

During the last two decades financial education has become more and more important due to a large variety of economic and demographic changes. It is commonly considered an essential tool for consumer empowerment and a critical prerequisite for sound, efficient and transparent financial markets....

В современных условиях повышенного требования к уровню финансовой грамотности субъектов хозяйствования, вкупе с остро вставшей проблемой снижения уровня...

In this paper, we examine the performance of male and female students participating in a unique and successful high school program called Keys to Financial Success. Using the Financial Fitness for Life High School Test (FFFL-HS) results from 965 students enrolled in a one-semester Keys course,...

The authors examine the impact of changed economic circumstances to manage personal finances. Analyze financial involvement, level of education and the management of personal finances population in Croatia. The paper used the method of analysis, synthesis, induction, deduction, and a survey poll.

The authors reflect on reform options concerning the funded old age provision. Starting from the political debate on the current state of the German old age security system they sum up the critique concerning the funded old age provision especially the Riester-pension. Three reform options that...

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, combining security...

Two factors that have received limited attention in poverty dynamic studies are the role of risk in causing poverty mobility and attrition bias. Controlling for the attrition bias, we study poverty dynamics in urban Ethiopia with an emphasis on the effect of idiosyncratic shocks and informal...