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The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioral frictions. Undersaving can have important welfare consequences: variable consumption,...
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The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioral frictions. Undersaving can have important welfare consequences: variable consumption,...
Persistent link: https://www.econbiz.de/10013063476
Financial inclusion is a key element of social inclusion, particularly useful in combat-ing poverty and income … investigate the impact of financial inclusion on reducing poverty and income inequality, and the determinants and conditional … robust evidence that financial inclusion significantly reduces poverty rates and income inequality in developing countries …
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