Holzmann, Robert2017-08-152017-08-152010-07https://hdl.handle.net/10986/27828This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high income countries with financial literacy programs and the deviating characteristics of low and middle income countries. While progress has been made in high-income countries to measure financial capability, there is little robust empirical evidence that financial education can improve it. While applying the financial capability concept in low and middle-income countries looks promising it will need to be adjusted to their characteristic and supported by innovative interventions and rigorous impact evaluation to improve it.en-USCC BY 3.0 IGOACADEMIC STUDIESACADEMIC TRAININGACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCOUNT MANAGEMENTACCOUNTABILITYACCOUNTINGACTIVE LABOR MARKET PROGRAMSADVISORY GROUPADVISORY SERVICEALTERNATIVE INTERVENTIONSASYLUM SEEKERSBANK ACCOUNTBEHAVIORAL ECONOMICSBEST PRACTICESBIASESBUDGETINGBUSINESS CYCLEBUSINESS EDUCATIONCALCULATIONSCAPACITY BUILDINGCAPITAL MARKETCASH TRANSFERCASH TRANSFERSCLASSROOMCOGNITIVE SKILLSCOMPARISON GROUPSCONSUMER CONFIDENCECONSUMER PROTECTIONCONSUMER RESEARCHCONSUMERSCONTRIBUTIONCORRUPTIONCULTURAL NORMSCURRENT INCOMEDELIVERY MECHANISMDELIVERY MECHANISMSDISABILITIESDISABILITYDISABILITY INSURANCEDIVERSIFICATIONDIVORCEDIVORCESEARNINGSEARNINGS-RELATED PENSIONECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC POLICIESECONOMIC POLICYEDUCATION ACTIVITIESEDUCATION FUNDEDUCATION PLANNINGEDUCATION PROVIDERSEDUCATION STRATEGIESEFFECTIVENESS OF EDUCATIONEMPLOYMENT SERVICESETHNIC MINORITIESEVALUATION CAPACITYEVALUATORSEXCLUSIONEXCLUSION OF WOMENEXPLOITATIONFAMILIESFINANCESFINANCIAL ACCESSFINANCIAL ACCOUNTFINANCIAL BEHAVIORFINANCIAL CONSUMERFINANCIAL DECISIONFINANCIAL DECISIONSFINANCIAL EDUCATIONFINANCIAL EDUCATION PROGRAMSFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL ISSUESFINANCIAL KNOWLEDGEFINANCIAL LITERACYFINANCIAL LITERACY EDUCATIONFINANCIAL LITERACY INITIATIVESFINANCIAL LITERACY PROGRAMFINANCIAL LITERACY PROGRAMSFINANCIAL LITERACY STRATEGYFINANCIAL LIVESFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL MARKET DEVELOPMENTFINANCIAL MARKETSFINANCIAL NEEDSFINANCIAL OPPORTUNITIESFINANCIAL RESOURCESFINANCIAL SECTORFINANCIAL SERVICEFINANCIAL SERVICESFINANCIAL SKILLSFINANCIAL SUPPORTFINANCIAL SUSTAINABILITYFINANCIAL TRAININGFINANCING NEEDSFORMAL FINANCIAL SERVICESGENDERGENDER ISSUESHEALTH INTERVENTIONSHOUSEHOLD ACCESSHOUSEHOLDSHUMAN CAPITALIMPACT EVALUATIONINCOMEINCOME DISTRIBUTIONINCOME INEQUALITYINCOME LEVELINCOME LEVELSINCOME TAXESINDEBTEDNESSINEQUALITYINFORMAL ECONOMYINFORMAL LENDERSINFORMATION CAMPAIGNINFORMATION SYSTEMSINFORMED CHOICESINSURANCEINSURANCE POLICIESINSURANCESINTERNATIONAL BANKINVESTINGJOB TRAININGKEY CHALLENGELABOR MARKETLABOR MARKETSLABOR MOBILITYLEARNINGLENDERSLEVEL OF DEBTLIFE EVENTSLIMITED ACCESSLITERACY IMPROVEMENTLITERACY POLICIESLONG-TERM PLANNINGLOSS AVERSIONLOW INCOMESLOW-INCOMELOW-INCOME CONSUMERSLOWER INCOMEMARKET TRENDSMARKETINGMICRO-ENTERPRISEMICROFINANCEMINIMUM WAGEMONEY MANAGEMENTMONITORING & EVALUATIONMONITORING & EVALUATION CAPACITY DEVELOPMENTMUTUAL LEARNINGOCCUPATIONSOUTCOME INDICATORSOUTREACHPENSION ENTITLEMENTSPENSION FUNDSPENSION PLANSPENSION REFORMSPENSION RIGHTSPENSION SCHEMESPENSION SYSTEMSPENSIONSPEOPLE WITH DISABILITIESPERSONAL FINANCEPOLICY DESIGNPRECAUTIONARY SAVINGPROBABILITYPRODUCTIVITYPROGRAM EVALUATIONPUBLIC FINANCEPUBLIC GOODPUBLIC PENSIONPUBLIC POLICYQUESTIONNAIREQUESTIONNAIRESRADIORANDOM SAMPLINGREFUGEESREMITTANCESRETIREMENTRETIREMENT SAVINGRETIREMENT SECURITYRISK MANAGEMENTRURAL POPULATIONSAFETY NETSAFETY NETSSAVING BEHAVIORSAVINGSSAVINGS ACCOUNTSSAVINGS BANKSCAMSSCHOOL CHILDRENSCHOOLSSECURITIESSENIORSERVICE TRAININGSEVERANCE PAYSKILLS DEVELOPMENTSOCIAL FUNDSOCIAL FUNDSSOCIAL INSURANCESOCIAL PROTECTIONSOCIAL RISK MANAGEMENTSOCIAL SECURITYSOCIAL SECURITY CONTRIBUTIONSTARGETINGTEACHERTECHNICAL SUPPORTTECHNOLOGICAL INNOVATIONTRANSACTIONUNEMPLOYMENTUNEMPLOYMENT INSURANCEVALUABLEVOCATIONAL EDUCATIONWAGE GAPWELL-BEINGWorking PaperWorld Bank10.1596/27828