Many countries around the world are implementing national strategies for financial education. These strategies often involve teaching financial education in schools. While the literature on school financial...
In 2011, the impact of a comprehensive financial education program was studied through a randomized controlled trial with 892 high schools in six Brazilian states. Using administrative data, this paper...
COVID-19 was a major shock to youth entrepreneurs and their businesses in Kenya. This paper studies the causal impact of grants—worth two months of baseline business revenue—and business development services...
Interest Bearing Notes is a product of the Finance and Private Sector Research Team in the World Bank's Development Research Group. It reports on research by the team, as well as non-World Bank research...
Interest Bearing Notes is a product of the Finance and Private Sector Research Team in the World Bank's Development Research Group. It reports on research by the team, as well as non-World Bank research...
Interest Bearing Notes is a product of the Finance and Private Sector Research Team in the World Bank's Development Research Group. It reports on research by the team, as well as non-World Bank research...
Interest Bearing Notes is a product of the Finance and Private Sector Research Team in the World Bank's Development Research Group. It reports on research by the team, as well as non-World Bank research...
Interest Bearing Notes is a product of the Finance and Private Sector Research Team in the World Bank's Development Research Group. It reports on research by the team, as well as non-World Bank research...
Business practices and performance vary widely among local peers. This paper identifies key determinants of such heterogeneity among a sample of small urban retail shops in Indonesia, and experimentally...
Business survey outcomes for micro and small firms are notoriously noisy, with multiple sources of measurement and recall error. This paper introduces a new survey methodology that combines automatic consistency...
This paper uses a field experiment in India with multiple financial education treatments to investigate the causal mechanisms between financial education and financial behavior. Focusing on the mediating...
Can financial education delivery be successfully decentralized? This paper studies a large-scale field experiment with 200 Savings and Credit Cooperative Associations (SACCOs) in Rwanda, and tests competing...
Small-scale entrepreneurs are ubiquitous in emerging market economies, yet very few graduate to become larger businesses. This paper asks whether such entrepreneurs aspire to grow and, if so, on which...
Interest rate caps can have far-reaching consequences on the composition and maturity of commercial bank loans and deposits. This paper carefully documents these impacts on the formal financial sector...
Business training programs are popular policy tools to foster growth among small entrepreneurs, yet their causal impacts are often weak, and the mechanisms by which such trainings can succeed to improve...
Financial literacy - the ability to make informed decisions regarding money - plays a critical role in ensuring both the well-being of households and the stability of the financial system. Consequently...
This paper identifies separate and unique pathways to profits among small businesses in South Africa that are exposed to marketing or finance training in a randomized control study. The marketing group...
This paper uses a large scale field experiment in India to study attitudinal, behavioral, and cognitive constraints that stymie the link between financial education and financial outcomes. The study complements...
The World Bank Research Observer is intended for anyone who has a professional interest in development. Observer articles are written to be accessible to nonspecialist readers; contributors examine key...
This paper presents a systematic and comprehensive meta-analysis of the literature on financial education interventions that focuses on financial education studies designed to strengthen the financial...