Government leaders around the world are designing national strategies to improve financial inclusion for populations traditionally excluded from the financial markets. Financial literacy is a key tool being used to bring economically vulnerable populations into the financial mainstream. We use...

Financial inclusion plays an important role in giving households greater access to borrowing opportunities, which in turn can be used to improve human capital accumulation, socioeconomic status, and long-run economic development. One way to enhance households' access to and usage of the...

Evidence from the U.S. and Europe suggests that current risk assessment tools used by researchers and financial professionals to determine individuals’ risk tolerance and provide suitable portfolio recommendations may be flawed due to “mis”perceptions of risk. Limited research has examined...