This study tests the effectiveness of behavioral-based disclosure formats. Around 1,700 individuals from Mexico and Peru chose among loans and savings accounts presented in different formats, including a simplified key facts statement (KFS) and current marketing brochures. The study finds that the price elasticity of loans is -1.04 using brochures and -3.19 using the simplified KFS, with smaller effects for savings products. Finally, while financial...
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INFORMACIÓN
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2017/10/04
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS8210
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1
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1
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2017/10/04
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Disclosed
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Information disclosure and demand elasticity of financial products : evidence from a multi-country study
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Finance & Private Sector Development