What is Driving Women’s Financial Inclusion Across Countries?

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

March 5, 2018

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Format: Chicago

Corinne C Delechat, Monique Newiak, Rui Xu, Fan Yang, and Goksu Aslan. What is Driving Women’s Financial Inclusion Across Countries?, (USA: International Monetary Fund, 2018) accessed December 21, 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

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.

Subject: Financial inclusion, Financial services, Gender inequality, Personal income, Women

Keywords: Financial institution, WP

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2018/038
Stock No:

WPIEA2018038
ISBN:

9781484344460
ISSN:

1018-5941

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