EconPapers    
Economics at your fingertips  
 

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

Theres Klühs, Antonia Grohmann and Lukas Menkhoff

Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We study the effect of financial literacy on financial inclusion at the cross country level. Financial literacy is strongly related to higher financial inclusion (i.e. access and use of fin. services) and IV-regressions support a causal interpretation.Studying heterogeneous effects of financial literacy across countries shows that the marginal effect of financial literacy on financial inclusion is largest in countries with lower income, a less developed financial sector, and fewer bank branches.

JEL-codes: G21 O1 E44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn, nep-fle, nep-mac and nep-pay
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/168165/1/VfS-2017-pid-2929.pdf (application/pdf)

Related works:
Journal Article: Does financial literacy improve financial inclusion? Cross country evidence (2018) Downloads
Working Paper: Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence (2018) Downloads
Working Paper: Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168165

Access Statistics for this paper

More papers in Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2019-09-08
Handle: RePEc:zbw:vfsc17:168165