Lukas Menkhoff’s research while affiliated with Humboldt-Universität zu Berlin and other places

... We used the findings of previous studies to infer and validate our findings. For example, studies have shown that overconfidence, a cognitive bias, often results in suboptimal economic behaviors such as excessive market entry and overborrowing [51,52]. These biases can affect an individual's ability to rationally assess the long-term consequences of financial decisions. ...

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Navigating Time-Inconsistent Behavior: The Influence of Financial Knowledge, Behavior, and Attitude on Hyperbolic Discounting

... Mishra (2018) identified financial and investment awareness as the key boundaries to participation. In Tanzania, there is a mixed picture; previously, Noel (2013) found out that financial literacy in Tanzania has a small impact on stock market participation among academicians. ...

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Individual Investors' Awareness and Participation in the Dar es Salaam Stock Exchange, Tanzania

... Regarding the mechanisms underlying behavior change in response to financial education interventions, several evaluations of financial education programs have been found to have causal effects on time preferences (i.e., patience and time-inconsistency) and the quality of intertemporal decision-making (i.e., choice consistency), especially on the young (Alan and Ertac 2018;Bover et al. 2018;Lührmann et al. 2018;Sutter et al. 2020;Kaiser et al. 2023b). ...

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Financial Literacy and Financial Education: An Overview

... Ferner geht es beim Werteindex um Einstellungen der Menschen und nicht die der Politiker:innen. Trotz dieser Einschränkungen ist der gewählte Werteindex positiv mit einem breiten Demokratieindex, den die Weltbank ermittelt, korreliert(Menkhoff, 2022). Abbildung 5 zeigt diesen Zusammenhang für die erfassten Länder, der Spearman-Korrelationskoeffizient beträgt 0,78 und ist statistisch hoch signifikant.Abgesehen von den Top-10-Demokratien, gemäß Weltbank-Index, die alle auch einen sehr hohen Werteindex aufweisen, ist der Zusammenhang allerdings nicht ganzAbbildung 4 Verteilung der Werteindizes weltweit Summe des Survival und Traditional Index nach Land Quelle: European Values Study and World Values Survey: Joint EVS/WVS 2017-2022 Dataset. ...

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Fremde Welt: Nur eine Minderheit teilt Deutschlands „Werte“

... Pembelajaran yang telah menerapkan active learning ditandai dengan indicator sebagai berikut, (1) situasi tetap terkendali meskipun selama proses pembelajaran berlangsung siswa ditantang melakukan kegiatan pembelajaran secara bebas dalam menentukan materi yang akan dipelajari, guru mempertimbangkan kebutuhan dan karakteristik siswa, (2) guru lebih banyak memberi stimulasi berpikir tingkat tinggi pada siswa untuk memecahkan masalah yang diberikan, dengan begitu guru tidak begitu mendominasi selama kegiatan pembelajaran namun siswa sendiri yang selalu aktif membangun pengetahuan mereka sendiri, sehingga pembelajaran akan lebih mudah diserap oleh siswa, (3) kegiatan pembelajaran berlangsung dengan ragam variasi, disesuaikan dengan kebutuhan dan karakteristik siswa. Karena pembelajaran yang bervariasi tidak akan membuat siswa bosan, (4) keberanian siswa untuk mengajukan pendapat melalui pertanyaan, pernyataan, dialog, dan diskusi yang didesain dengan sengaja oleh guru untuk melatih kepercayaan diri siswa (Frame dkk., 2015; Kaiser & Menkhoff, 2022a). ...

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Transformasi metode pembelajaran melalui pendampingan Active Learning bagi guru MTsN 3 Magetan

... In financial education programs, the null hypothesis assumes that the intervention does not affect the financial knowledge and other financial outcomes such as attitudes, self-efficacy, and the behavior of the people subjected to the treatment (Miller et al. 2015). For example, Kaiser and Menkhoff (2019), in an updated meta-analysis of experimental studies of school financial education programs, found that financial education treatments have, on average, sizeable impacts on financial knowledge among students, although smaller effects on financial behaviors. Kaiser and Menkhoff (2019) only found 18 interventions using randomized control trials (RCTs) and focused on financial education in schools. ...

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Causal Effects of Financial Education Intervention Aimed at University Students on Financial Knowledge and Financial Self-Efficacy

... The intervention provides information about mobile money as a savings-technology and about mobile money transfers (see Suri, 2017). While there is lot of evidence showing the impact of mobile money on risk sharing, household welfare and financial inclusion (e.g., Jack and Suri, 2014;Munyegera and Matsumoto, 2016;Riley, 2018;Hamdan et al., 2022), and also some evidence on more recently introduced mobile money products (Bharadwaj et al., 2021;Annan et al., 2024), there is little explicit evidence on the success of addressing mobile money in a financial education training. Chiwaula et al. (2020) combine a financial literacy and mobile money training with reminders among community savers in Malawi, finding a positive effect on mobile money savings four months after the intervention. ...

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Scaling Financial Education Among Micro-Entrepreneurs: A Randomized Saturation Experiment

... No correspondente ás disparidades sociais, a literatura amosa como a pandemia non afectou de forma homoxénea, existindo colectivos cunhas características determinadas que sufriron as consecuencias en maior medida. Os principais factores tras unha maior incidencia da pandemia parecen ser un menor nivel de formación (Farré et al., 2022;Immel et al., 2022;Menkhoff & Schröder, 2022;Qian & Fan, 2020), ser autoempregados (Immel et al., 2022;Qian & Fan, 2020), unha baixa intensidade no emprego (Hidalgo-Pérez, 2022), a capacidade para traballar de forma non presencial (Bonacini et al., 2021), o sexo 3 (Dang & Viet Nguyen, 2021;Farré et al., 2022;Salido, 2021), pertencer a un fogar de renda baixa (Immel et al., 2022;Menkhoff & Schröder, 2022;Qian & Fan, 2020), pertencer a un fogar no que o sustentador principal é unha persoa nova (CoSano, 2021;de la Rica et al., 2022;Immel et al., 2022), pertencer a un fogar cun sustentador principal de idade avanzada (Menkhoff & Schröder, 2022), vivir no ámbito rural (Qian & Fan, 2020) e non ser propietarios de vivenda (Módenes, 2022). ...

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Os efectos iniciais da Covid-19 nas desigualdades de renda en Galicia e a súa distribución na sociedade

... Exploring the concept of sustainable consumption at the personal level is a key component of financial literacy. The relationship between household finances and financial well-being often centers around debt management, and studies have shown that financial education programs can have a positive impact on financial knowledge and behaviors (Kaiser et al. 2022, Zhang & Chatterjee, 2023. This underscores the significance of understanding personal finance to secure a stable financial future. ...

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THE LIFE CYCLE THEORY AND PERMANENT INCOME THEORY IN HOUSEHOLD FINANCIAL SUSTAINABILITY

... Firstly, our analysis showed that while high and medium-high digital intensity sectors had better stock market performance than low and medium-low digital intensity sectors, they also experienced higher variance and volatility, leading to increased uncertainty in the stock market, which is detrimental to resilience (Liu et al., 2020a). Menkhoff and Schröder (2022) also show that higher income households in Germany benefit more from dynamic stock markets, and are less prone to health and unemployment risks, than lower income households due to their larger participation in the stock market and greater flexibility in rebalancing their wealth portfolios. This heterogeneity tends to widen the wealth gap between low and high income groups in the crisis. ...

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Digitalization and resilience of industry sectors: A descriptive analysis of the Covid-19 crisis in Germany