Does Financial Inclusion Exclude? Formal Savings Reduces Informal Risk-Sharing Among Women in…

This is the second in our series of posts by students on the job market this year.   In 2013 alone, donors pledged $31 billion to support financial inclusion programs—an attempt to deliver financial services to the 2 billion adults that do not have access to such services. In the past, microcredit and insurance programs received all of the attention, but improving the savings capacity of the poor and unbanked has recently drawn increasing attention as well. Access to a savings account has been shown to improve account holders’ overall financial situation and their ability to cope with shocks.

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Does Financial Inclusion Exclude? Formal Savings Reduces Informal Risk-Sharing Among Women in…