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Financial Education for the Disadvantaged? A Review
(2018-04-20)
In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both ...
Pro-rich Inflation in Europe: Implications for the Measurement of Inequality
(2018-05-17)
This paper studies the distributional consequences of a systematic variation in expenditure shares and prices. Using European Union Household Budget Surveys and Harmonized Index of Consumer Prices data, we construct ...
Can Households See into the Future? Survey Evidence from the Netherlands
(2018-07-14)
This paper presents new evidence on the expectation formation process from a Dutch household survey. Households become too optimistic about their future income after their income has improved, consistent with the ...