Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?

By Shawn Cole, Thomas Sampson, Bilal Zia. 2011

714 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/b2d5fe5f9930965e14d9a3ad2cf38feb8eae3767

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Citations in the corpus

Financial Literacy, Financial Education, and Downstream Financial Behaviors (2014, neutral): “…and Zia (2013) 0.02 X 5 Clark, Maki and Morril (2012) 0.02 X 6 Cole et al. (2012) -0.03 X 7 Cole, Sampson, and Zia (2011) sample 1 -0.03 X 8 Cole, Sampson, and Zia (2011) sample 2 -0.07 X 9 Collins (2011) 0.02 X X X 10 Drexler, Fischer, and Schoar (2011) sample 1 0.02 X X X 11 Drexler,…”
Childhood Roots of Financial Literacy (2015, background): “At the same time it is much higher than, for example, in rural India (Cole et al., 2011).”
Financial Literacy Around the World: An Overview of the Evidence with Practical Suggestions for the Way Forward (2012, neutral): “In the baseline survey of South African mineworkers described in Cole et al. (2010), about 90 percent of respondents felt they would benefit from a financial education course.”
High School Curriculum and Financial Outcomes: The Impact of Mandated Personal Finance and Mathematics Courses (2016, background): “In randomized controlled trials outside the United States, Cole, Sampson, and Zia (2011) find that a financial program targeted at unbanked individuals had at best a weak effect and only on those with very low initial financial literacy.”
Entrepreneurship Programs in Developing Countries: A Meta Regression Analysis (2013, background): “3 Outcomes of interest range from labor market performance such as employment, business creation, hours of work, earnings, and profits and business performance to supply side changes such as improved technical and non-cognitive skills, business knowledge and practice, attitudes, aspirations, and mor”
Barriers to Household Risk Management: Evidence from India (2010, neutral): “This may reflect the added convenience of being able to purchase insurance “on-the-spot”, or be due to the effect of the baseline information provided by the ICRISAT insurance educator.”
Harnessing Emotional Connections to Improve Financial Decisions: Evaluating the Impact of Financial Education through Mainstream Media (2013, background): “A recent study finds muted evidence that financial education influences the demand for saving accounts in Indonesia (Cole et al., 2011).”
The Economic Importance of Financial Literacy: Theory and Evidence (2014, positive): “Some research from developing countries speaks to this point, comparing educational treatments with other approaches such as simplifying decisions (Cole, Sampson, and Zia 2011; Drexel, Fischer, and Schoar 2011), but this remains a high priority area.”
Digital Financial Services Go a Long Way: Transaction Costs and Financial Inclusion (2018, background): “Account opening fees and minimum balance requirements prevent the poor from opening bank accounts (Dupas and Robinson 2013), and small subsidies can lead to large increases in take-up (Cole, Sampson, and Zia 2011).”
Financial literacy and financial behavior: Evidence from the emerging Asian middle class (2018, neutral): “14 maths questions used by Cole et al. (2011). Respondents perform much better on these questions than on financial literacy, with the average number of correct answers being 3.6 (Table 3, Panels A and B), as opposed to 2.2 for the financial literacy items. These results indicate that the respondent”
Financial Literacy and Participation in the Derivatives Markets (2018, neutral): “3 Examples include Cole et al. (2011), Jappelli and Padula (2013), Calcagno and Monticone (2015), Jappelli and Padula (2015) and Finke et al. (2016) . https://doi.org/10.1016/j.jbankfin.2017.11.006 0378-4266/© 2017 Elsevier B.V.”
Does financial literacy improve financial inclusion? Cross country evidence (2018, positive): “Overall, the regressions described in this Section 3 show for a large country sample what findings based on microdata have indicated: people with higher financial literacy are more financially included (Cole et al., 2011; Doi et al., 2014; Drexler et al., 2014; Jamison et al., 2014).”