Effects of financial inclusion on employability in sub-Saharan Africa: a fuzzy set theory analysis

Noufé Tiatité () and Nikiéma Adama ()
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Noufé Tiatité: University of Ouahigouya
Nikiéma Adama: University Thomas Sankara

SN Business & Economics, 2022, vol. 2, issue 12, 1-18

Abstract: Abstract The issue of employability remains a major challenge in developing countries. This article studies the effects of financial inclusion on employability in a sample of 32 sub-Saharan African countries. The methodological approach mobilizes fuzzy set theory and binary probit modelling. The robustness of the results is alternatively checked by a Multiple Correspondence Analysis on the variables used to construct the multidimensional index of financial inclusion. The results highlight an overall financial inclusion index of 29.35% in the sample. They further show that financial inclusion improves employability in sub-Saharan Africa. An increase in the degree of financial inclusion by 10 percentage points leads to an increase in the probability of having a job by 4.4 percentage points. Account ownership in a financial institution, mobile money account ownership, savings, and access to borrowing are the main financial inclusion variables that positively affect employability in sub-Saharan Africa. In terms of the implications of economic policies, public authorities should take measures aimed at the financial inclusion of populations by promoting their access to financial services and electronic means of payment.

Keywords: Financial inclusion; Employability; Fuzzy set theory; Sub-Saharan Africa (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s43546-022-00378-0

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