Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248360 
Year of Publication: 
2021
Series/Report no.: 
WIDER Working Paper No. 2021/146
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
Using a nationally representative household survey data set from Ghana, this paper provides empirical evidence regarding the role of financial inclusion or financial exclusion in household welfare. We first compute a multidimensional index of financial inclusion, and then we examine the effect of financial inclusion on household welfare. The study finds that households suffering financial deprivation have lower welfare compared with their financially included counterparts. Also, we observe that poor households experience much larger welfare effects of financial inclusion relative to non-poor households, indicating the potential of financial inclusion for reducing income inequality. Thus, policies that aim to deepen the extent of financial inclusion would be important in the quest to reduce the incidence of poverty and vulnerability as well as inequality.
Subjects: 
financial inclusion
financial exclusion
financial deprivation
household welfare
Ghana
JEL: 
G21
I31
I32
Persistent Identifier of the first edition: 
ISBN: 
978-92-9267-086-3
Document Type: 
Working Paper

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