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
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