This page presents a few key research resources, selected by Dimes, that can be consulted for theory, evidence and gaps in research on the topics of inclusive finance and financial education.

Impacts of Financial Inclusion on Youth Development: Findings from the Ghana YouthSave Experiment

Author: Gina Chowa, Rainier Masa, David Ansong, Mat Despard, Shiyou Wu, and Deborah Hughes

This report is a product of the YouthSave Project, which investigated the potential of savings accounts as a tool for youth development and financial inclusion in developing countries by co-creating tailored, sustainable savings products with local financial institutions and assessing their performance and development outcomes with local researchers.

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From Financial Literacy to Financial Capability Among Youth

Author: Adele Atkinson, and Flore-Anne Messy

Economically disadvantaged youth lack financial knowledge and access to mainstream financial institutions. Instead of aiming for financial literacy, this paper suggests aiming for financial capability, a concept that builds on the writing of Amartya Sen and Martha Nussbaum. It develops when people develop financial knowledge and skills, but also gain access to financial instruments and institutions.

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Promoting Financial Inclusion through Financial Education

Author: Adele Atkinson, and Flore-Anne Messy

In 2010, under the support of the Russian Trust Fund for Financial Literacy and Education, the OECD/INFE launched a project on the role of financial education in financial inclusion. The results of this work show that low levels of financial inclusion are associated with lower levels of financial literacy. Recent research permitted to identify various ways in which policy makers are developing financial education policies for financial inclusion.

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The Economic Importance of Financial Literacy: Theory and Evidence

Author: Annamaria Lusardi and Olivia S. Mitchell

This paper undertakes an assessment of a rapidly growing body of economic research on financial literacy. It gives an overview of theoretical research, draws on recent surveys to establish how much (or how little) people know and identify the least financially savvy population subgroups. This is followed by an examination of the impact of financial literacy on economic decision making in the United States and elsewhere. A final section offers thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy.

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The Early Positive Impacts of Child Development Accounts

Author: Sondra G. Beverly, Margaret M. Clancy, and Michael Sherraden

Child Development Accounts (CDAs) are savings accounts for long-term developmental purposes. Children who grow up knowing they have some assets for postsecondary education may be more future-oriented and may fare better in the long run than children without these assets. This summary of early research findings from the SEED OK experiment may help CDA proponents communicate the value of such accounts to policymakers, educators, and others.

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Financial Education for Migrants and their Families

Author: Adele Atkinson and Flore-Anne Messy

Individual migrants and their families are often amongst the most vulnerable people in society, and many face significant barriers to the access and use of appropriate financial products. This paper seeks to illustrate the key challenges and suggest possible ways forward for measures to support migrant workers and their families and improve their financial literacy.

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Three Country Analysis

Author: Portfolios of the poor

The Portfolios of the Poor study resulted in financial diaries that collected data systematically, while also capturing the complexities of peoples' lives. The briefing paper examines research samples from the three countries that took part in the Portfolios of the Poor study. (Original book: Princeton University Press, 2009)

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