Products and policies to promote saving in developing countries

Jessica Goldberg

IZA World of Labor, 2014, No 74, 74

Abstract: Poor people in developing countries can benefit from saving to take advantage of profitable investment opportunities, to smooth consumption when income is uneven and unpredictable, and to insure against emergencies. Despite the benefits of saving, only 41% of adults in developing countries have formal bank accounts, and many who do rarely use their accounts. Improving the design and marketing of financial products has the potential to increase savings among this population.

Keywords: savings; financial access; randomized controlled trials (search for similar items in EconPapers)
JEL-codes: O1 O16 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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