Direkt zum Inhalt

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

close
Gehe zur Seite
remove add
10 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 substitutes. ...

    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-middle ...

    2016| Tim Kaiser, Lukas Menkhoff
  • Externe referierte Aufsätze

    Coupled Lotteries - a New Method to Analyze Inequality Aversion

    We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has the core reason to prevent outcome inequality. We implement the method in a survey in rural Thailand as well as in a supplemental ...

    In: Journal of Economic Behavior & Organization 191 (2021), S. 236–256 | Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
  • 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, regarding ...

    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-middle–income ...

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

    Coupled Lotteries – A New Method to Analyze Inequality Aversion

    We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has no other effect than preventing outcome inequality. We implement the method in a survey in rural Thailand as well as a supplemental ...

    Munich: Collaborative Research Center Transregio 190, 2019, 50 S.
    (Discussion paper / Rationality & Competition, CRC TRR 190 ; 185)
    | Melanie Koch,Lukas Menkhoff, Ulrich Schmidt
  • Externe 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 participants ...

    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
  • Externe Monographien

    Active Learning Improves Financial Education: Experimental Evidence

    We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast to insignificant impacts ...

    2018, 73 S. | Tim Kaiser, Lukas Menkhoff
  • Externe 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-middle ...

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

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