A plethora of work has been done on the effectiveness of foreign aid. However, virtually none of the previous studies has investigated the impact of aid on social cohesion. Yet, in order to promote the achievement of the targets in SDG 16, donors and global partners of developing countries have...

Given its role in affecting financial behavior, financial literacy has received considerable attention from researchers and policy makers alike. This paper employs data from a nationally representative survey in Indonesia to investigate the impact of financial literacy on poverty, which is a...