TY - BOOK ID - 134744895 TI - Bringing Financial Literacy and Education to Low and Middle Income Countries : The Need to Review, Adjust, and Extend Current Wisdom. PY - 2010 PB - Washington, D.C. : The World Bank, DB - UniCat KW - Access & Equity in Basic Education KW - Access to Finance KW - Accountability KW - Accounting KW - Behavioral Economics KW - Best Practices KW - Business Education KW - Capacity Building KW - Cash Transfers KW - Consumer Protection KW - Consumers KW - Corruption KW - Disabilities KW - Disability Insurance KW - Economic Development KW - Economic Policy KW - Education KW - Education For All KW - Employment Services KW - Ethnic Minorities KW - Finance and Financial Sector Development KW - Financial Institutions KW - Financial Literacy KW - Financial Management KW - Financial Sector KW - Financial Services KW - Gender KW - Gender Issues KW - Human Capital KW - Income Distribution KW - Income Inequality KW - Inequality KW - Informal Lenders KW - Labor Mobility KW - Long-Term Planning KW - Loss Aversion KW - Marketing KW - Minimum Wage KW - Occupations KW - Pension Plans KW - Poverty Impact Evaluation KW - Poverty Reduction KW - Productivity KW - Public Finance KW - Public Policy KW - Random Sampling KW - Refugees KW - Remittances KW - Retirement KW - Risk Management KW - Rural Population KW - Savings KW - Schools KW - Securities KW - Severance Pay KW - Social Insurance KW - Social Risk Management KW - Unemployment UR - https://www.unicat.be/uniCat?func=search&query=sysid:134744895 AB - This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high income countries with financial literacy programs and the deviating characteristics of low and middle income countries. While progress has been made in high-income countries to measure financial capability, there is little robust empirical evidence that financial education can improve it. While applying the financial capability concept in low and middle-income countries looks promising it will need to be adjusted to their characteristic and supported by innovative interventions and rigorous impact evaluation to improve it. ER -