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Is Climbing Difficult? A Gendered Analysis on the Use of Financial Services in Ghana and South Africa

Author

Listed:
  • Annim, Samuel

    (University of Cape Coast, Ghana)

  • Arun, Thankom Gopinath

    (University of Essex)

Abstract

This paper examines the gender gaps in the use of higher-order financial services such as investment and insurance, draws on the FinMark national-level data from Ghana and South Africa. The main observation is that females in South Africa are more likely to use general financial and investment products than in Ghana. The results also reveal that in Ghana, a substantial part of the gender differentials in the use of financial services can be attributed to unobserved characteristics, mostly related to attitude and perceptions that inhibit women's use of financial services.

Suggested Citation

  • Annim, Samuel & Arun, Thankom Gopinath, 2013. "Is Climbing Difficult? A Gendered Analysis on the Use of Financial Services in Ghana and South Africa," IZA Discussion Papers 7688, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp7688
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    References listed on IDEAS

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    More about this item

    Keywords

    gender gaps; types and levels of access to finance; Ghana and South Africa;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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