Poverty, Development, and Behavioral Economics

Jäntti, Markus; Kanbur, Ravi; Pirttilä, Jukka

doi:10.1111/roiw.12085

Cited by 5 publications

(2 citation statements)

References 11 publications

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“…In addition, information asymmetry can be evident if the level of literacy in the financial market is low (Han and Jang, 2013). The existing literature suggests that the low financial literacy of consumers leads to a loss of confidence and trust in the financial markets and those who provide financial services (Shen et al , 2016; Gerardi et al , 2010; Karlan et al , 2014; Jäntti et al , 2014). This loss of confidence, in return, might lead to an adverse reaction if a sign of turmoil appears.…”

Section: Introductionmentioning

confidence: 99%

The intention to use Islamic banking: an exploratory study to measure Islamic financial literacy

Albaity

Rahman

2019

IJOEM

119

102

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Purpose Several research models have been proposed in the existing literature to understand the intention to use Islamic banking where conventional bank customers are not primarily addressed. Upon measuring the level of Islamic financial literacy (IFL) among the customers of conventional banks in the UAE, the purpose of this paper is to examine the direct and indirect effects of IFL, awareness, cost and benefit, reputation and attitude towards Islamic banking on the intention of potential customers to use Islamic banking. Design/methodology/approach Using judgmental sampling techniques, questionnaires were distributed to working individuals who did not have accounts with Islamic banks. A total of 350 completed and usable questionnaires were received and used for further analysis. The SmartPLS 3.0 software was used to analyse the data. Findings The results revealed that the level of IFL was high across the respondents and differed significantly as a function of gender, income level and years of work experience. The findings showed that IFL, awareness, reputation and attitude towards Islamic banking significantly influenced the intention to use Islamic banking, while cost and benefit appear not to. Interestingly, IFL was negatively correlated with the intention to use Islamic banking, but when the attitude towards Islamic banking mediated the relationship between IFL and the intention to use Islamic banking it then became positive. Research limitations/implications Future research should consider looking at non-Muslim economies, which might be more vulnerable to IFL. In addition, a comparison between the current customers of Islamic banks and potential customers might be relevant to see whether the IFL of the current customers differs from the new customers. Practical implications The implications of the research are twofold. First the study suggests that IFL is crucial for an Islamic bank’s potential new customers. Islamic bank managers should design and focus their policies toward enriching the knowledge of the public about Islamic banks and their products. Second, IFL alone does not lead to a higher level of intention to use Islamic banks unless there is a positive attitude towards such banks. Originality/value To the authors’ knowledge, this is one of the first studies to consider the IFL measure used in this paper. Therefore, this study will be the foundation for future research on IFL.

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Section: Introductionmentioning

confidence: 99%

The intention to use Islamic banking: an exploratory study to measure Islamic financial literacy

Albaity

Rahman

2019

IJOEM

119

102

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“…There is already a vast literature shedding light on the prospects of using insights from behavioral economics in the fight against poverty (Banerjee and Duflo, 2012;Karlan and Appel, 2012;Mullanaithan and Shafir, 2013). In a similar trend, the March 2014 edition of the Review of Income and Wealth consists of a special edition with eight papers that somehow anticipate the higher explanatory consequences of broadening the economic approach to human behavior for the accounts of poverty and development (Jäntti, Kanbur and Pirttila, 2014).…”

Section: Introductionmentioning

confidence: 99%

The behavioral turn in development economics: a tentative account through the lens of economic methodology

Muramatsu

Avila

2017

Rev. Econ. Polit.

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A guinada comportamental na economia do desenvolvimento: uma análise preliminar pelas lentes da metodologia econômica roBerTa muramaTSu flavia avila* RESuMO: Este artigo busca oferecer uma interpretação sobre por que insights da economia comportamental foram incorporados à agenda de pesquisa sobre o desenvolvimento econômico inspirada pelas lentes da metodologia da economia. Embarca-se em uma revisão extensa da literatura que se concentra na prática efetiva "da análise comportamental do desenvolvimento econômico e visão da economia comportamental da pobreza". Tal agenda surgiu nos primeiros anos do século xxI para identificar e discutir algumas direções e implicações que esse movimento pode trazer para a ciência e arte da Economia.PAlAVRAS-CHAVE: Economia comportamental; desenvolvimento; experimentos de campo; metodologia; política.ABSTRACT: This paper aims to provide an interpretation of why behavioral economics has come into the complex field of development economics that draws on insights from methodology of economics. We engage in an extensive survey of the literature that focuses on the actual practice of "behavioral development economics and behavioral economics view of poverty" that emerged in the early years of the 21st century in order to identify and discuss some directions and implications that this movement might carry for economics science and art of Economics.

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Financialization and Consumer Behavior

Buckland

2018

Building Financial Resilience

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Poverty, Development, and Behavioral Economics

Cited by 5 publications

References 11 publications

The intention to use Islamic banking: an exploratory study to measure Islamic financial literacy

The intention to use Islamic banking: an exploratory study to measure Islamic financial literacy

The behavioral turn in development economics: a tentative account through the lens of economic methodology

Financialization and Consumer Behavior

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