Financial inclusion and its heterogeneous effect on household income

D. Rodríguez (), Juan Gallego () and Fernando Jaramillo ()

No 19121, Documentos de trabajo - Alianza EFI from Alianza EFI

Abstract: This paper examines how, in the main Colombian cities, the effect of financial inclusion (FI) on income changes along the distribution of household income considering labor informality. We construct a multidimensional FI indicator based on the World Bank definition and on the data. Using a quantile regression technique, we estimate the effect of FI on income at each quantile for informal and formal households. The findings indicate that FI has a positive impact throughout the income distribution but is greater in low-income and informal households. The results suggest that FI can have potential effects in alleviating poverty and closing the income gap.

Keywords: Financial inclusion; household income; labor informality (search for similar items in EconPapers)
JEL-codes: D30 (search for similar items in EconPapers)
Pages: 29
Date: 2020-11-03
New Economics Papers: this item is included in nep-ban, nep-dev, nep-fle and nep-iue
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Persistent link: https://EconPapers.repec.org/RePEc:col:000561:019121

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