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This paper aims to understand whether and how poverty aversion and inequality aversion affect the criminal behaviors …. Inequality significantly increases crime, while the poverty reduction does not reduce crime. 2. The widening consumption gap … not affected by poverty but by inequality in the choice of crime. …
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In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both the theoretical and empirical findings in order to understand why this...
Persistent link: https://www.econbiz.de/10011859150
In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both the theoretical and empirical findings in order to understand why this...
Persistent link: https://www.econbiz.de/10011823319
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Empirical studies of the link between finance and inequality document that across countries financial development is associated with lower and decreasing income inequality. This article uses an indicator of economic literacy as a proxy for the ability to reap the benefits of financial investment...
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