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 ...
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 ...
We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI outstocks of OECD reporting countries. Applying a Poisson panel estimator to 2004–11 data, we find robust evidence for a positive effect of bilateral
The large numbers of refugees that arrived in Germany over the last few years, has raised the question about how migrants adjust to life in Germany and how easy it is for migrants to integrate into society. One important part of integration is ...
Kleinunternehmer in Entwicklungsländern weisen erhebliche Defizite in ihrem Finanzverhalten auf, die ihr Fortkommen behindern. Deshalb werden Interventionen zur Verbesserung der finanziellen Bildung und letztlich damit zu einem verbesserten ...
Die finanzielle Inklusion von Geflüchteten ist ein entscheidender Baustein der Integration in die deutsche Gesellschaft. In diesem Bericht wird die finanzielle Inklusion einer Gruppe von 31 in Berlin lebenden syrischen Geflüchteten anhand .
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Western Uganda. The treatments contrast “active learning” with “traditional lecturing” within standardi
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