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308 results, from 71
  • Diskussionspapiere 1914 / 2020

    The Relationship between Financial Literacy and Financial Inclusion

    About two billion people in the world do not own a financial account and there are many more who use financial services only occasionally. In the past, initiatives which address these problems of financial exclusion focused on the supply side of financial markets, in particular by increasing the branch network of banks and by offering cheap bank products. While this had the desired effect, recent ...

    2020| Antonia Grohmann, Lukas Menkhoff
  • Referierte Aufsätze Web of Science

    Financial Education in Schools: A Meta-Analysis of Experimental Studies

    We study the literature on school financial education programs for children and youth via a quantitative meta-analysis of 37 (quasi-) experiments. We find that financial education treatments have, on average, sizeable impacts on financial knowledge (+0.33 SD), similar to educational interventions in other domains. Additionally, we document smaller effects on financial behaviors among students (+0.07 ...

    In: Economics of Education Review 78 (2020), 101930, 15 S. | Tim Kaiser, Lukas Menkhoff
  • Diskussionspapiere 1888 / 2020

    Partitioned Pricing and Consumer Welfare

    In online commerce, obfuscation strategies by sellers are hypothesized to mislead consumers to their detriment and to the profit of sellers. One such obfuscation strategy is partitioned pricing in which the price is split into a base price and add-on fees. While empirical evidence suggests that partitioned pricing affects consumer decisions through salience effects, its consumer welfare consequences ...

    2020| Kevin Ducbao Tran
  • Diskussionspapiere 1881 / 2020

    Sin Taxes and Self-Control

    “Sin taxes” are high on the political agenda in the global fight against obesity. Ac- cording to theory, they are welfare improving if consumers with low self-control are at least as price responsive as consumers with high self-control, even in the absence of ex- ternalities. In this paper, we investigate if consumers with low and high self-control react differently to sin tax variation. For identification, ...

    2020| Renke Schmacker, Sinne Smed
  • Diskussionspapiere 1860 / 2020

    The Financial Accelerator, Wages, and Optimal Monetary Policy

    This paper studies the effects of labor market outcomes on firms’ loan demand and on credit intermediation. In a first step, I investigate how wages in the production sector affect bank net worth and the process of financial intermediation in partial equilibrium. Second, the role of the identified channels are studied in general equilibrium using a new- Keynesian DSGE-model with financial frictions and ...

    2020| Tobias König
  • Referierte Aufsätze Web of Science

    Do Prices and Purchases Respond Similarly to Soft Drink Tax Increases and Cuts?

    While in January 2012, Denmark increased the long-standing tax on sugary soft drinks, the tax was cut byhalf in July 2013 and then completely repealed in January 2014. In this study, we examine whetherincreases and cuts of the soft drink tax lead to similar over- or under-shifting to prices and to similardemand responses. We use longitudinal scanner data of 1,282 Danish households to estimate within-product ...

    In: Economics and Human Biology 37 (2020), 100864, 10 S. | Renke Schmacker, Sinne Smed
  • Diskussionspapiere 1864 / 2020

    Financial Education Affects Financial Knowledge and Downstream Behaviors

    We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment effects are economically meaningful ...

    2020| Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff, Carly Urban
  • Diskussionspapiere 1891 / 2020

    Inform Me When It Matters: Cost Salience, Energy Consumption, and Efficiency Investments

    Effective attention to information may play a prominent role in consumer choice for energy-intensive services and it may simply be a function of receiving timely information when consumption takes place. This paper investigates whether and why the timing of utility bills leads to salience bias in heat energy consumption. In Germany, the 12-month billing period varies across buildings with a significant ...

    2020| Puja Singhal
  • DIW Weekly Report 21/22 / 2020

    Mobile Money is Driving Financial Development in Africa

    Mobile money is an innovation that allows financial transactions to be performed via a cell phone. Even in poor regions of Africa, almost everyone has a cell phone; therefore, mobile money could both contribute to the continent’s economic growth and ensure that no Africans are excluded from access to financial services. However, DIW Berlin data from Uganda show that mobile money is actually used less ...

    2020| Katharina Lehmann-Uschner, Lukas Menkhoff
  • Vierteljahrshefte zur Wirtschaftsforschung 1 / 2020

    Systemic Usury and the European Consumer Credit Directive

    Wucher ist ein häufiges Phänomen auf den Verbraucherkreditmärkten und betrifft insbesondere Haushalte mit niedrigem Einkommen. Obwohl der Begriff Wucher Bilder eines gierigen Individuums beschwört, das bewusst handelt, um die schwache Verhandlungsposition eines anderen mit irreführenden und sogar betrügerischen Mitteln auszunutzen, betrachten wir ihn als systemisches Problem: als ein Problem der sozialen ...

    2020| Doris Neuberger, Udo Reifner
308 results, from 71
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