nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2017‒08‒13
two papers chosen by

  1. Household Economic Strengthening through Saving and Budgeting: Evidence from a Field Experiment in South Africa By Janina Isabel Steinert; Lucie Dale Cluver; Franziska Meinck; Jenny Doubt; Sebastian Vollmer
  2. The silk handloom industry in Nadia district of West Bengal : a study on its history, performance & current problems By Roy, Chandan

  1. By: Janina Isabel Steinert; Lucie Dale Cluver; Franziska Meinck; Jenny Doubt; Sebastian Vollmer
    Abstract: Using data from a randomized field experiment with 552 households in South Africa, we examine the impact of a financial literacy and savings training that was integrated into a broader psychosocial parenting intervention. We document significant improvements in financial behaviors, including higher savings and lower borrowing rates. We also see wider implications for household economic welfare, expressed in reduced financial distress, better resilience to economic shocks, and a greater capacity to securing basic needs. We further find that program effects are non-differential for ultra poor participants and tend to be higher for those who reside in rural locations and live without a male partner or spouse. Overall, our findings suggest that "hybrid" program curricula that offer combinations of financial and psychosocial components might be more successful than stand-alone financial literacy training.
    Keywords: Financial Literacy; Saving; Parenting; RCT; South Africa
    JEL: D14 D91 I31 O12 O16
    Date: 2017
  2. By: Roy, Chandan
    Abstract: Handloom industry provides widest employment opportunities in West Bengal, where 5.8% of the households involved have been found to be silk handloom weavers, which bears a rich legacy. Shantipur and Phulia in Nadia district are the two major handloom concentrated areas in West Bengal. The main objective of this paper is to make a situational analysis of the handloom workers by focusing on the problems of the handloom weavers of Nadia district. The paper briefly elaborates the historical perspective of handloom clusters over this region at the backdrop of the then Bengal. It also analyzes the present crisis faced by the weavers of Phulia and Shantipur region of Nadia district. It makes a SWOT analysis of the handloom industry where strength, weakness, opportunity and threat of the handlooms sector has been analyzed. The paper recommends several measures like awareness campaign, financial literacy programme, SHG and consortium formation, common facility centre, dye house, market exposure to upgrade the present situation of the handloom industry.
    Keywords: Silk Handloom, Weavers, Nadia, Shantipur, Phulia
    JEL: J61 N90 R11
    Date: 2017–07

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