Arbeitspapier
Does financial literacy improve financial inclusion? Cross country evidence
While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional variation. Regarding "access to finance", financial infrastructure and financial literacy are mainly substitutes. However, regarding the "use of financial services", the effect of higher financial literacy strengthens the effect of more financial depth. The causal interpretation of these results is supported by IV-regressions. Moreover, the positive impact of financial literacy holds across income levels and several subgroups within countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1682
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
- Thema
-
financial inclusion
financial literacy
financial institutions
financial development
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grohmann, Antonia
Klühs, Theres
Menkhoff, Lukas
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Grohmann, Antonia
- Klühs, Theres
- Menkhoff, Lukas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2017
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