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Towards Financial Inclusion in South Asia: A Youth and Gender Perspective

Author

Listed:
  • Goksu Aslan

    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West Asia Office)

Abstract

The youthful population of South Asia, having almost one-third of the population below the age of 15 years old, seems also to have a great share in the future alongside the risk of being NEET with a persisting gender gap. This makes important for South Asian countries to put a gender-responsive policy framework for the youth empowerment at the heart of their efforts towards the 2030 Agenda. Increasing youth’s financial inclusion at the individual level would also provide development benefits especially for developing and least developed countries. This paper, after constructing a multidimensional financial inclusion index, shows evidence on how to increase the formal financial inclusion among the South Asian youth considering also gendered effects and it provides policy recommendations accordingly.

Suggested Citation

  • Goksu Aslan, 2019. "Towards Financial Inclusion in South Asia: A Youth and Gender Perspective," Development Papers 1902, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West Asia Office.
    • Handle: RePEc:eap:sswadp:dp1902
    as

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    File URL: https://www.unescap.org/sites/default/files/SSWA_Development%20Papers_1902.pdf
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    References listed on IDEAS

    as
    1. Allen, Franklin & Demirguc-Kunt, Asli & Klapper, Leora & Martinez Peria, Maria Soledad, 2016. "The foundations of financial inclusion: Understanding ownership and use of formal accounts," Journal of Financial Intermediation, Elsevier, vol. 27(C), pages 1-30.
    2. Goksu Aslan & Ms. Corinne C Delechat & Ms. Monique Newiak & Mr. Fan Yang, 2017. "Inequality in Financial Inclusion and Income Inequality," IMF Working Papers 2017/236, International Monetary Fund.
    3. Demirguc-Kunt, Asli & Klapper, Leora & Singer, Dorothe, 2013. "Financial inclusion and legal discrimination against women : evidence from developing countries," Policy Research Working Paper Series 6416, The World Bank.
    4. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe, 2017. "Financial inclusion and inclusive growth : a review of recent empirical evidence," Policy Research Working Paper Series 8040, The World Bank.
    5. Demirguc-Kunt, Asli & Klapper, Leora, 2012. "Measuring financial inclusion : the Global Findex Database," Policy Research Working Paper Series 6025, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Development; Financial Inclusion; Sustainable Development Goals (SDGs); Youth;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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