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Gender Gap in case of Financial Inclusion: An Empirical Analysis in Indian Context

Author

Listed:
  • Chandralekha Ghosh

    (West Bengal State University)

  • Rimita Hom Chaudhury

    (West Bengal State University)

Abstract

The existence of gender gap in financial inclusion has come into prominence in recent times. In this context, using global Findex household-level database for the year 2017 our study aims to evaluate the presence of gender gap in financial inclusion for India. The empirical findings suggest that women are significantly less likely to be financially included as compared to their male counterparts. Using Fairlie Decomposition technique, this paper also finds the statistical evidence which reveals that gender differences in socio economic variables largely explain the gender gap in financial inclusion. More precisely, it is observed that lower employment status within females is a crucial reason of not having formal account, formal saving and formal credit requirement. However, lower education among females predominantly prohibits them from using digital financial services.

Suggested Citation

  • Chandralekha Ghosh & Rimita Hom Chaudhury, 2019. "Gender Gap in case of Financial Inclusion: An Empirical Analysis in Indian Context," Economics Bulletin, AccessEcon, vol. 39(4), pages 2615-2630.
    • Handle: RePEc:ebl:ecbull:eb-19-00228
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    References listed on IDEAS

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    Cited by:

    1. Suresh Govindapuram & Samyukta Bhupatiraju & Rahul A. Sirohi, 2023. "Determinants of women's financial inclusion: Evidence from India," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 94(1), pages 131-158, March.
    2. Rocío Maehara & Luis Benites & Alvaro Talavera & Alejandro Aybar-Flores & Miguel Muñoz, 2024. "Predicting Financial Inclusion in Peru: Application of Machine Learning Algorithms," JRFM, MDPI, vol. 17(1), pages 1-25, January.
    3. Chandralekha Ghosh & Rimita Hom Chaudhury, 2023. "A Comparative Study of Saving Behaviour Between India and China," Millennial Asia, , vol. 14(4), pages 461-479, December.
    4. Moumita Poddar Rana & Tanmoyee Banerjee (Chatterjee) & Ajitava Raychaudhuri, 2023. "Religious And Social Group Diversity In Borrowing And Spending Behaviour: Analysis Of Survey Results From Rural West Bengal, India," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(236), pages 51-79, January –.

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    More about this item

    Keywords

    Gender Gap; Financial Inclusion; India ; Fairlie decomposition;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • J1 - Labor and Demographic Economics - - Demographic Economics

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