Savings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research

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Show simple item record Ardington, Cally Lam, David Leibbrandt, Murray Levinsohn, James 2013-10-03T13:32:30Z 2013-10-03T13:32:30Z 2004-05
dc.identifier.isbn 0-7992-2260-7
dc.description.abstract Sustainable poverty reduction requires that poor households effectively manage risk. The absence of basic financial services is a major obstacle to poverty reduction in South Africa. This paper reviews available South African literature on utilisation of formal and informal risk management instruments. The centrality of income in accessing the complementary bundle of formal financial services excludes households in the lower deciles from formal financial services. Rural households and households without formally employed household members are also denied access. Strong complementarities with informal channels of finance mean that these same households have limited access to even informal financial services. Promoting the use of savings accounts in pension and social grant payouts and the growth of village banks have been suggested as means to increase formal access for the poor. en_US
dc.language.iso en en_US
dc.publisher CSSR and SALDRU en_US
dc.relation.ispartofseries CSSR/SALDRU Working Paper;65
dc.subject Savings en_US
dc.subject Insurance en_US
dc.subject Debt en_US
dc.subject Post-Apartheid en_US
dc.subject Social Grants en_US
dc.subject Pension en_US
dc.title Savings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research en_US
dc.type Working Paper en_US

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