Education, Lifelong learning, Inequality and Financial access: Evidence from African countries
Vanessa Tchamyou ()
No 18/003, AFEA Working Papers from African Finance and Economic Association (AFEA)
This study investigates the role of financial access in modulating the effect of education and lifelong learning on inequality in 48 African countries for the period 1996 to 2014. Lifelong learning is conceived and measured as the combined knowledge gained from primary through tertiary education while the three educational indicators are: primary school enrolment; secondary school enrolment and tertiary school enrolment. Financial development dynamics are measured with financial system deposits (liquid liabilities), financial system activity (credit) and financial system efficiency (deposits/credit). Three measures of inequality are employed notably: the Gini coefficient; the Atkinson index and the Palma ratio. The estimation strategy is based on Generalised Method of Moments. The following findings are established. First, primary school enrolment interacts with all financial channels to exert negative effects on the Gini index. Second, lifelong learning has negative net effects on the Gini index through financial deposit and efficiency channels. Third, for the most part, the other educational levels do not significantly influence inequality through financial access channels. Policy implications are discussed.
Keywords: Education; Lifelong Learning; Inequality; Financial development; Africa (search for similar items in EconPapers)
JEL-codes: I28 I20 I30 O16 O55 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (53) Track citations by RSS feed
Forthcoming: Contemporary Social Science
Downloads: (external link)
http://afeawpapers.org/RePEc/afe/afe-wpaper/Educat ... al-Access-Africa.pdf Revised version, 2018 (application/pdf)
Working Paper: Education, Lifelong learning, Inequality and Financial access: Evidence from African countries (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:afe:wpaper:18/003
Access Statistics for this paper
More papers in AFEA Working Papers from African Finance and Economic Association (AFEA) Contact information at EDIRC.
Bibliographic data for series maintained by Christian Nsiah ().