What is Driving Women's Financial Inclusion Across Countries?
32 Pages Posted: 21 Mar 2018
Date Written: March 2018
Abstract
Using a broad set of macroeconomic country characteristics to supplement a new and comprehensive micro-level dataset for 140 countries, we identify structural factors, policies, and individual characteristics that are associated with financial inclusion-in general, and for women in particular. We find that structural country characteristics, such as resource-richness and level of development, and policies, such as stronger institutions, and financial development are significantly related to financial inclusion. We find a robust negative relationship between being female and financial inclusion as in previous studies, and our analysis points to legal discrimination, lack of protection from harassment, including at the work place, and more diffuse gender norms as possible explanatory factors.
Keywords: Financial inclusion, Gender, Personal finance, Legal rights, Government Policy and Regulation, Economics of Gender
JEL Classification: D14, E21, G21, G28, J16
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