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Childhood matters: Family education and financial inclusion

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  • Yan, Yu
  • Qi, Shusen

Abstract

Education plays a key role for future success and has attracted massive attention. However, the emphasis has been mostly focused on school education, and family education has been largely undervalued. Using a sample of 22,242 individuals from 27 emerging countries, this paper examines how family education impacts individuals' financial decisions, and ultimately financial inclusion. We find that improvements in the quality of family education are positively related with individuals' likelihood of opening bank accounts. More importantly, such relationships are especially pronounced among the most commonly excluded groups of individuals: those living in poverty, in rural communities, and without a job.

Suggested Citation

  • Yan, Yu & Qi, Shusen, 2021. "Childhood matters: Family education and financial inclusion," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:pacfin:v:65:y:2021:i:c:s0927538x20307010
    DOI: 10.1016/j.pacfin.2020.101489
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    2. Amirreza Kazemikhasragh & Marianna Vanessa Buoni Pineda, 2022. "Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to Covid‐19 in Latin America and the Caribbean," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1785-1797, August.

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