Artikel
Does financial literacy improve financial inclusion? Cross country evidence
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us 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
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Englisch
- Erschienen in
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Journal: World Development ; ISSN: 0305-750X ; Volume: 111 ; Year: 2018 ; Pages: 84-96 ; Amsterdam: Elsevier
- Klassifikation
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Wirtschaft
- Thema
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Financial inclusion
Financial literacy
Financial institutions
Financial development
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grohmann, Antonia
Klühs, Theres
Menkhoff, Lukas
- Ereignis
-
Veröffentlichung
- (wer)
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Elsevier
ZBW – Leibniz Information Centre for Economics
- (wo)
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Amsterdam
- (wann)
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2018
- DOI
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doi:10.1016/j.worlddev.2018.06.020
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Grohmann, Antonia
- Klühs, Theres
- Menkhoff, Lukas
- Elsevier
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2018
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