Faktor Yang Mempengaruhi Rumah Tangga Untuk Mengakses Lembaga Keuangan Formal: Studi Kasus Susenas 2015

Determinant Factor For Household To Access Formal Financial Institution: The Study Case Susenas 2015

Tri Ngasuko

MPRA Paper from University Library of Munich, Germany

Abstract: The World Bank in 2014 reports only 36% of Indonesia's population has access to the formal financial institution. This number shows us the level of financial inclusion in Indonesia. There is still some task to do since Indonesian government has the goals 70% level of financial inclusion in 2019. A survey from BPS, namely Susenas 2015, has the brand new information about the profile of household saving which not available in the previous Susenas survey. This study is the first one which examines determinant factors that deter families from access to formal financial services, mainly saving based on Susenas 2015. The results of the study provide the household profile and identify determinant factors for households to access formal financial institution to make a saving account. By employs multinomial logit method, the probabilities for a household to obtain saving in the formal institution is affected by the demographic characteristics such as age, total family members, youth and old dependent member in the household. Education, employment, and field sector of head household, as well as credit status and location of the head of household as a determinant factor for the head of household to open saving account in the formal financial institution. The findings of this study are vital in providing policy recommendation to increase the level of financial inclusion in Indonesia.

Keywords: Financial Inclusion; Household Saving; Susenas 2015 (search for similar items in EconPapers)
JEL-codes: D14 G21 G28 (search for similar items in EconPapers)
Date: 2018-05-01
New Economics Papers: this item is included in nep-fle and nep-sea
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Citations: View citations in EconPapers (1)

Published in Jurnal Inovasi Jurnal Politik dan Kebijakan.15(2018): pp. 11-21

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