This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high-income countries with...

This paper links pension literacy to retirement planning in an emerging economy. The results show that the correct knowledge about pension basics and savings rate have a positive effect on employees' efforts to plan for their retirement. Conversely, employees' correct knowledge about pension...

Too many children are not learning to read in the East Asia and Pacific region's middle-income countries. In some countries in the region, such as the Lao People's Democratic Republic and the Philippines, more than 90 percent of 10-year-olds cannot read and understand an age-appropriate text. To...