Who Holds Credit Cards and Bank Accounts in Uruguay? Evidence from Survey of Uruguayan Households Finances

Graciela Sanroman () and Guillermo Santos
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Graciela Sanroman: Departamento de Economía Universidad de la República de Uruguay (DECON-UDELAR)

Chapter 20 in The Book of Payments, 2016, pp 211-229 from Palgrave Macmillan

Abstract: Abstract In this chapter we use data available from the first stage of Survey of Uruguayan Households Finance (SUHF1) and ECH 2012 to analyze access to financial services such as credit cards and bank accounts. We estimate univariate and bivariate probit models for bank account and credit cards holdings. Evidence indicates that households’ income, education level and working status are the main determinants of the probability of holding credit cards and bank accounts in Uruguay. In addition, we perform a counterfactual exercise which allows us to predict the effect of making the payment of salaries through the financial system compulsory. Our prediction is that bank account and credit card holdings would increase at around 6 and 4 percentage points, respectively.

Keywords: Probit Model; Credit Card; Financial Service; Household Head; Bank Account (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-60231-2_20

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DOI: 10.1057/978-1-137-60231-2_20

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