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payments and financial literacy, as well as markets for health insurance, crop insurance, agricultural credit, small firm …
Persistent link: https://www.econbiz.de/10011684996
This paper studies insurance demand for individuals with limited financial literacy. We propose uncertainty about … insurance payouts, resulting from contract complexity, as a novel channel that affects decision-making of financially illiterate … individuals. Then, a trade-off between second-order (risk aversion) and third-order (prudence) risk preferences drives insurance …
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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...
Persistent link: https://www.econbiz.de/10008796704
Financial inclusion and financial literacy are receiving increasing attention for their potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. In general, the progress of financial inclusion and financial development in...
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