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Households’ access to financial services: some evidence from survey data

Author

Listed:
  • Gilberto M. Llanto

    (Philippine Institute for Development Studies)

Abstract

Many studies look at financial inclusion from the supply side. The discussion in those studies revolves around the different types of financial services being developed to provide the excluded segment of the population with access to such services and the evolving regulatory frameworks supporting those innovative financial services. This paper views financial inclusion from the perspective of households who use financial services and asks what factors determine access to financial services. It provides a quantitative estimation of the factors affecting household decision to participate in the formal financial markets and the impact of the utilization of financial services on household incomes. It uses micro-data from the Annual Poverty Indicators Survey in the estimation. The empirical findings provide useful information for designing policies and interventions to foster inclusive finance. It points to financial education of households as a key intervention in financial inclusion strategies..

Suggested Citation

  • Gilberto M. Llanto, 2015. "Households’ access to financial services: some evidence from survey data," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 52(2), pages 170-191, December.
    • Handle: RePEc:phs:prejrn:v:52:y:2015:i:2:p:170-191
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    File URL: https://pre.econ.upd.edu.ph/index.php/pre/article/view/929/830
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    References listed on IDEAS

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    1. Mark Pickens, 2009. "Window on the Unbanked : Mobile Money in the Philippines," World Bank Publications - Reports 9488, The World Bank Group.
    2. George R. G. Clarke & Lixin Colin Xu & Heng‐fu Zou, 2006. "Finance and Income Inequality: What Do the Data Tell Us?," Southern Economic Journal, John Wiley & Sons, vol. 72(3), pages 578-596, January.
    3. Thorsten Beck & Asli Demirgüç-Kunt & Ross Levine, 2007. "Finance, inequality and the poor," Journal of Economic Growth, Springer, vol. 12(1), pages 27-49, March.
    4. Honohan, Patrick, 2008. "Cross-country variation in household access to financial services," Journal of Banking & Finance, Elsevier, vol. 32(11), pages 2493-2500, November.
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    Cited by:

    1. SAM, Vichet, 2019. "Formal Financial Inclusion in Cambodia: What are the Key Barriers and Determinants?," MPRA Paper 94000, University Library of Munich, Germany.
    2. Golam Rabbani & S N Rajesh Raj, 2024. "The role of financial constraints in firm transition—Evidence from Indian manufacturing," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(4), pages 2193-2228, May.

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    More about this item

    Keywords

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    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

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