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Financial inclusion and its heterogeneous effect on household income

Author

Listed:
  • Rodríguez, D.
  • Gallego, J
  • Jaramillo, F.

Abstract

This paper examines how, in the main Colombian cities, the effect of financial inclusion (FI) on income changes along the distribution of household income considering labor informality. We construct a multidimensional FI indicator based on the World Bank definition and on the data. Using a quantile regression technique, we estimate the effect of FI on income at each quantile for informal and formal households. The findings indicate that FI has a positive impact throughout the income distribution but is greater in low-income and informal households. The results suggest that FI can have potential effects in alleviating poverty and closing the income gap.

Suggested Citation

  • Rodríguez, D. & Gallego, J & Jaramillo, F., 2020. "Financial inclusion and its heterogeneous effect on household income," Documentos de trabajo - Alianza EFI 19121, Alianza EFI.
    • Handle: RePEc:col:000561:019121
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    More about this item

    Keywords

    Financial inclusion; household income; labor informality;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General

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