nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2019‒01‒21
two papers chosen by
Viviana Di Giovinazzo
Università degli Studi di Milano-Bicocca

  1. Financial Education in Schools: A Meta-Analysis of Experimental Studies By Tim Kaiser; Lukas Menkhoff
  2. Indian Microfinance Sector: An Overview By Sinha, Pankaj; Navin, Nitin

  1. By: Tim Kaiser; Lukas Menkhoff
    Abstract: 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 treatment has, on average, a significant and sizeable impact on financial knowledge (+0.25 SD), similar to educational interventions in other domains. Additionally, we document small but still significant effects on financial behaviors (+0.05 SD). These results are robust to restricting the sample to 18 randomized experiments and they hold irrespective of the meta-analytic method used. Metaregressions show the beneficial effect of more intensive treatments and smaller class size, albeit with decreasing marginal returns.
    Keywords: financial education, financial literacy, financial behavior, meta-analysis
    JEL: I21 A21 D14
    Date: 2018
  2. By: Sinha, Pankaj; Navin, Nitin
    Abstract: The Indian microfinance sector was one of the largest in the world with full of growth potential. However, series of incidents happened in 2010 and thereafter changed the face of the industry. Though the crisis proved a death warrant for many MFIs, it also brought some good news for the sector. The present study attempts to overview the performance of Indian microfinance sector after the crisis. The main objective is to observe the current state of affairs of the sector and to check if the sector has recovered from that shock. Data have been taken from Mixmarket database.
    Keywords: Microfinance, Financial Inclusion, Indian Economy
    JEL: G21 I38 O16
    Date: 2018–02–07

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