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Monographien

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 ...

Munich, Germany: Collaborative Research Center Transregio 190, 2018, 94 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 95)
| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Forschungsprojekt

Finanzielle Bildung: Maßnahmen, Erfahrungen, Evaluierung und Ausblick

Aktuelles Projekt| Weltwirtschaft
Forschungsprojekt

Financial Education: Measures, Experiences, Evaluation and Outlook

Aktuelles Projekt| Weltwirtschaft
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
Forschungsprojekt

Financial inclusion of migrants in Germany.

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 financial integration or financial inclusion. In its simplest form this means both access and use of basic back accounts. In this project we study financial...

Abgeschlossenes Projekt| Weltwirtschaft
Forschungsprojekt

Untersuchung von individualisiertem Feedback auf das Finanzverhalten von Kleinunternehmern in Uganda

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 Verhalten vorgenommen. Die Wirkung dieser Interventionen ist im Durchschnitt gering; aber es gibt noch kaum erforschte Ansatzpunkte für eine erhö...

Aktuelles Projekt| Weltwirtschaft
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
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
Externe referierte Aufsätze

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 (2020), im Ersch. [online first: 2019-10-11] | Tim Kaiser, Lukas Menkhoff
Diskussionspapiere 1823 / 2019

The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

This RCT examines the effect of a new style finance training during which participants are given personalized feedback on their financial business outcomes in addition to a “rules-of-thumb” training approach. We compare this to the effects of a “rules-of-thumb” training by itself and to a control group. Targeting about 500 small and micro entrepreneurs in Kampala, Uganda, we find that the personalized ...

2019| Antonia Grohmann, Lukas Menkhoff, Helke Seitz
58 Ergebnisse, ab 1