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List and describe three possible explanations for the observed low savings rate in low-income countries.

Economics
Savings and Insurance
List and describe three possible explanations for the observed low savings rate in low-income countries
Which explanation did Jakiela and Ozier investigate in their 2015 paper? What were their conclusions about whether this factor matters?
Why could index-based insurance schemes work where other insurance schemes fail?
How does mobile money and digital credit can help to improve risk-sharing in small communities lacking access to insurance companies?

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