Publikationen des Projekts: "Verhaltensverzerrungen, Finanzbildung und Kreditentscheidungen" im Rahmen des SFB/TRR190 Rationalität und Wettbewerb: Die ökonomische Leistungsfähigkeit von Individuen und Unternehmen

7 Ergebnisse, ab 1
Diskussionspapiere 1682 / 2017

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

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 variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly

2017| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Diskussionspapiere 1562 / 2016

Does Financial Education Impact Financial Literacy and Financial Behavior, and if So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: Financial education is less effective for lowincome clients as well as in low and lower

2016| Tim Kaiser, Lukas Menkhoff
Externe referierte Aufsätze

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However,

In: World Development 111 (2018), S. 84-96 | Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Externe referierte Aufsätze

Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: financial education is less effective for low-income clients as well as in low- and lower

In: The World Bank Economic Review 31 (2017), 3, S. 611-630 | Tim Kaiser, Lukas Menkhoff
Monographien

Earn More Tomorrow: Overconfident Income Expectations and Consumer Indebtedness

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 performance in hard and easy quiz tasks. We successfully generate biased income expectations and show that

Munich: Collaborative Research Center Transregio 190, 2019, 94 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 152)
| Antonia Grohmann, Lukas Menkhoff, Christoph Merkle, Renke Schmacker
Monographien

Does Financial Education Impact Financial Literacy and Financial Behavior, and if So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: Financial education is less effective for lowincome clients as well as in low and lower

Washington: World Bank Group, 2017, 75 S.
(Policy Research Working Paper ; 8161)
| Tim Kaiser, Lukas Menkhoff
Monographien

Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: Financial education is less effective for low-income clients as well as in low and lower

Munich, Germany: Collaborative Research Center Transregio 190, 2017, 89 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 37)
| Tim Kaiser, Lukas Menkhoff
7 Ergebnisse, ab 1