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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]

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  • Ngasuko, Tri Achya

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.

Suggested Citation

  • Ngasuko, Tri Achya, 2018. "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 Suse," MPRA Paper 97995, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:97995
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    References listed on IDEAS

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    1. Ngasuko, Tri Achya, 2018. "Peningkatan Keuangan Inklusif Melalui Program Keluarga Harapan [Increasing Financial Inclusion Through Indonesian Conditional Cash Transfer Programme (Program Keluarga Harapan)]," MPRA Paper 98335, University Library of Munich, Germany.

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    More about this item

    Keywords

    Financial Inclusion; Household Saving; Susenas 2015;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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