This paper looks at household consumption and financial decisions made in a matrilineal society where women are by culture the financial household managers. This culture was strongly altered by the British in the mid-19th century in particular through christian missionaries who proclaimed that...

This paper looks at household consumption and financial decisions made in a matrilineal society where women are by culture the financial household managers. This culture was strongly altered by the British in the mid-19th century. We use the distance to the former base as an instrument for women...

We study the effect of financial literacy on financial inclusion at the cross country level. Financial literacy is strongly related to higher financial inclusion (i.e. access and use of fin. services) and IV-regressions support a causal interpretation.Studying heterogeneous effects of financial...

While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...

For social and economic reasons, national economies benefit from the inclusion of as many people as possible in financial services. In a cross country study, the present study shows that financial literacy for the general population promotes financial inclusion. This relationship goes beyond the...

Moderne Gesellschaften profitieren aus sozialen und ökonomischen Gründen von der Teilhabe möglichst aller Menschen an finanziellen Dienstleistungen, das heißt von finanzieller Inklusion. Diese Studie zeigt in einem Ländervergleich, dass durch finanzielle Bildung der Bevölkerung die...

This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find...

Despite considerable policy efforts, women continue to be underrepresented in positions of power and decision making. As an important aspect of women empowerment, we examine women's participation in intrahousehold financial decision making and how this is affected by financial literacy. Using...

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income expectations by letting income depend on relative...

Research has consistently shown that women's involvement in household decision making positively affects household outcomes such as nutrition and education of children. Is financial literacy a determinant for women to participate in intra-household decision making? Using data on savings groups...