nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2019‒09‒09
three papers chosen by

  1. The Current State of Financial Education in Japanese Senior High Schools -A Summary of the Results from a 2019 Survey Conducted Among Senior High School Teachers- By Nobuyoshi Yamori; Hitoe Ueyama; Mitsuyoshi Yanagihara
  2. The Effect of Financial Inclusion on Household Welfare in China By Mallick, Debdulal; Zhang, Quanda
  3. Analysis of the Strategy of Microfinance for Financial Inclusion of Refugees By Amna Malik; Halil Orhan; Halil Fatih Akgül; Altay Elçin

  1. By: Nobuyoshi Yamori (Research Institute for Economics and Business Administration, Kobe University, Japan); Hitoe Ueyama (Faculty of Economics, Nagoya Gakuin University, Japan); Mitsuyoshi Yanagihara (Graduate School of Economics, Department of Socio-Economic System Socio-Environmental System, Nagoya University, Japan)
    Abstract: In the next version of the senior high school curriculum guidelines officially announced by the Ministry of Education, Culture, Sports, Science and Technology (MEXT) in 2018, it is indicated that financial education will be made more substantial. However, the reality is that whether financial education is adequately conducted in senior high schools or not is dependent on the views of senior high school teachers. Accordingly, we carried out a survey in December 2018 among 1,000 teachers at senior high schools (including not only teachers of subjects such as social studies and home making course that are strongly related to financial education, but also teachers of all subjects). The purpose of this paper is to report the summary results of that survey.
    Keywords: Financial Literacy, Financial Education, Senior High School Curriculum
    Date: 2019–09
  2. By: Mallick, Debdulal; Zhang, Quanda
    Abstract: Financial inclusion is one of the key factors contributing to household welfare. We explore this effect in China utilizing a unique household survey panel data. Financial inclusion is measured by owning a transaction account at formal financial institutions. We employ an innovative method of heteroscedasticity-based identification recently developed by Klein and Vella (2009a; 2010) to identify the causal effect of financial inclusion. We find that welfare effects of financial inclusion varied across urban and rural areas and income groups. Financial inclusion significantly increased overall consumption, but the impact was greater among urban than rural households. The effect was stronger in the case of food consumption. Financial inclusion also decreased consumption inequality but only among urban households. The uneven effect of financial inclusion across level of urbanization and commodity types have important policy implications for promoting financial inclusion not only in China but also in other developing countries.
    Keywords: Financial inclusion; Consumption; Inequality; Welfare
    JEL: D12 D14 G21 I31
    Date: 2019–08
  3. By: Amna Malik; Halil Orhan; Halil Fatih Akgül; Altay Elçin
    Abstract: Microfinance has brought a change in the economic life of participants of the society by providing an opportunity to the financially challenged individuals to become financially independent. Microfinance is a financial instrument that can be utilized to combat poverty and other challenges hindering the progress of countries. As of 2017, the global figures of microfinance confirm that microfinance has impacted the lives of more than 139 million people and has distributed more than $114 billion throughout the world. In Turkey, microfinance has radically transformed the lives of more 180.000 financially challenged individuals. Turkey continues to be home to the world’s largest refugee population which is approximately 4 million. Therefore, the objective of the research is to research the feasibility of microfinance as an appropriate strategy for the financial inclusion of refugees in Turkey.KeywordsMicrofinance, Poverty and RefugeeValueThe research paper aims to analyze different aspects of the microfinance system for the Syrian refugees with the purpose to provide a model for financial inclusion and social integration for the microfinance organizations.Key resultsThe results and recommendations of this research will contribute to better policy-making strategies for the nonprofit organizations to assist the refugees.Design/Methodology/ApproachThe research paper provides a microfinance model of financial inclusion and social integration for the refugees in Turkey.
    Keywords: Financial inclusion, Microfinance, Refugees
    Date: 2019

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