The Role of Parents in Introducing Children to Financial Services: Evidence from Ghana-YouthSave

Shiyou Wu (), Mathieu R. Despard () and Gina Chowa ()
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Shiyou Wu: University of North Carolina at Chapel Hill
Mathieu R. Despard: University of Michigan
Gina Chowa: University of North Carolina at Chapel Hill

Journal of Family and Economic Issues, 2017, vol. 38, issue 3, No 11, 453-462

Abstract: Abstract Financial capability—financial knowledge, skills, and access to financial services—may help smooth transitions to adulthood for youth and is affected by socialization experiences with parents and other family members. Among a sample of youth and their parents enrolled in the YouthSave experiment in Ghana (n = 4,065), this study examined whether physical access to financial services and/or visiting banks with parents or other family members was associated with youth’s perceptions and understanding of financial institutions. We found a statistically significant association between visiting the bank with a parent or other family member and youth’s attitudes (β = 1.45, p

Keywords: Financial social work; Financial access; Financial services; YouthSave; Ghana (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s10834-017-9519-6

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