Inequality in Financial Inclusion and Income Inequality

By Goksu Aslan, Corinne C Delechat, Monique Newiak, Fan Yang

November 8, 2017

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Goksu Aslan, Corinne C Delechat, Monique Newiak, and Fan Yang. Inequality in Financial Inclusion and Income Inequality, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

We investigate the link between gender inequality in financial inclusion and income inequality, with three contributions to the recent literature. First, using a micro-dataset covering 146,000 individuals in over 140 countries, we construct novel, synthetic indices of the intensity of financial inclusion at the individual and country level. Second, we derive the distribution of individual financial access “scores” across countries to document a “Kuznets”-curve in financial inclusion. Third, cross-country regressions confirm that our measure of inequality in financial access is significantly related to income inequality, above and beyond other factors previously highlighted in the literature.

Subject: Financial inclusion, Financial markets, Financial sector development, Gender, Gender inequality, Income distribution, Income inequality, National accounts

Keywords: Cumulative distribution function, Financial access, Financial development, Financial inclusion, Financial sector development, Gender inequality, Gini coefficient, Global, Income distribution, Income inequality, Inequality data, Market Gini, Sub-Saharan Africa, WP

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/236
Stock No:

WPIEA2017236
ISBN:

9781484324905
ISSN:

1018-5941

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