Published on Development Impact

Friday links October 11: Financial literacy, school vouchers, global remittances, and more…

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  • In the New York Times, Richard Thaler discusses financial literacy and why some common training may not yield much in the way of results, along with new directions. E.g. just-in-time education: Because learning decays quickly, it’s best to provide assistance just before a decision is made. High school seniors should receive help in how to think about a student loan, and how to make sure that the education bought with the loan offers good prospects for repayment.
  • The World Bank’s Financial Inclusion and Infrastructure Practice has launched a new website on Responsible Finance, centered around financial capability and financial consumer protection. Survey data is available for surveys conducted on the users  (demand side) and providers (supply side) of financial services. The demand side data features household surveys on financial capability/literacy, with more country surveys to be uploaded soon. Data and findings from the new global survey on consumer protection and financial literacy (of 114 economies) will also shortly be available.
  • Over at the CGD blog, Justin Sandefur summarizes a new paper by Karthik Muralidharan and Venkatesh Sundararaman on a large-scale randomized evaluation of a school voucher program in Andhra Pradesh, India. Very cool work that also looks at spillover impacts on other kids.
  • In another data update, the Global Remittance Price update now has data through the third quarter of 2013 for 220 remittance corridors. The most expensive corridor to send money is South Africa to Malawi, where it costs an average of $23.63 to send $200, whereas the cheapest is Singapore-Thailand, where it only costs $1.37 to send $200.
  • Job Opportunity: DECIE field coordinator in Brazil – work on a number of impact evaluation activities in Brazil.


David McKenzie

Lead Economist, Development Research Group, World Bank

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