In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those … between the concepts of, and the relationships between, financial education, financial literacy and financial behavior to … identify the true effects of financial education. The review addresses possible biases caused by third factors such as numeracy …

In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those … between the concepts of, and the relationships between, financial education, financial literacy and financial behavior to … identify the true effects of financial education. The review addresses possible biases caused by third factors such as numeracy …

This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in … financial education can be substantial. Data are limited, but indicate low financial literacy scores for selected Asian … national surveys of financial literacy are needed and that coherent, tailored national strategies for financial education are …

defines financial education as, “the process by which financial consumers/investors improve their understanding of financial …

. Under reasonable assumptions, the model predicts that the spending share on education increases if the middle class becomes … larger such that the size of the middle class has a positive impact on education. We test the relationship empirically by … determinant of female education than male education and that the effect of the middle class on education is more pronounced in …

Indonesia has made significant progress in increasing access to education over the last decade. Despite these … impressive trends, many children do not continue their education beyond the primary and junior secondary level. While a number of … factors influence a household's schooling decision, the direct and indirect costs of education are important particularly for …