Education has long been considered a bulwark in hard times. Now new research shows that acquiring additional years of schooling can help prevent people from losing their jobs during economic downturns or recessions. But what makes acquiring education protective? Does it increase productivity? Does it enable workers to work in recession-proof sectors? Or does the economic … [Read more...] about How Education Protects Workers During Recessions
Diether Beuermann
Diether W. Beuermann is a Senior Economist in the Caribbean Country Department of the Inter-American Development Bank. He has led research and data collection projects in various countries including Barbados, Guyana, Jamaica, Peru, Russia, Suriname, The Bahamas, Democratic Republic of Congo, Trinidad and Tobago, and the United States. His research has covered the effects of different information and communication technologies on agricultural profitability, child labor, academic performance, pre-natal care, and neo-natal health. He has also conducted research on the effectiveness of participatory budgeting, the short- and long-run effects of educational quality, the role of remittances as a social insurance mechanism, the effects of early-life weather shocks on short- and long-term human capital accumulation, the effects of public health insurance on health outcomes and labor supply, the effects of behavioral-based entrepreneurship training on firm profitability, the effects of blue-collar crime on financial access and credit prices of affected firms, and the effectiveness of math-focused parenting programs. He has published in several international peer-reviewed journals, including the American Economic Journal: Applied Economics, Journal of Human Resources, Journal of Health Economics, Journal of Development Economics, Economics of Governance, and Economics and Human Biology. He holds a B.A. in business management and a B.Sc. in economics from the Universidad de Lima, a M.Sc. in finance from the University of Durham, and a M.A. and Ph.D. in economics from the University of Maryland-College Park.
Financial Literacy in Suriname
It has long been understood that financial literacy and financial inclusion can increase household's financial resilience. That is especially true in times of economic crises, such as that of the current Covid-19 pandemic. People with financial skills can better plan, save for retirement, and accumulate more wealth. Adept at modern financial … [Read more...] about Financial Literacy in Suriname
Financial Literacy in the Caribbean: The Case of Barbados
The COVID-19 pandemic has exposed households’ financial fragility. Prior to the pandemic, six out of ten people in Latin America and the Caribbean reported they lack the resources to cover an emergency, and among the poorest quintile, the figure was only two out of ten. As in the 2008 financial crisis, COVID-19 has revealed the need to advance a policy agenda aimed at … [Read more...] about Financial Literacy in the Caribbean: The Case of Barbados