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Understanding Financial Inclusion in Mongolia from a Micro Perspective: Is There a Gender Gap?

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  • Enerelt Murakami

Abstract

This paper investigates the determinants of financial inclusion in Mongolia – a country where persistent “reverse” gender gap in financial inclusion exists. When applying multivariate logistic models to nationally representative data, results show that women, and those who are more educated and older are more likely to be financially included. Women are four percentage points more likely than men to have access to formal finances; men are more likely to report barriers to finance and use informal finances. The Blinder-Oaxaca decomposition technique is employed to analyze the “reverse” gender disparity in financial inclusion. The results demonstrate that the disparity is largely due to coefficient effects that reflect behavioral or unobserved differences towards financial inclusion between men and women.

Suggested Citation

  • Enerelt Murakami, 2022. "Understanding Financial Inclusion in Mongolia from a Micro Perspective: Is There a Gender Gap?," Working Papers 232, JICA Research Institute.
    • Handle: RePEc:jic:wpaper:232
    DOI: 10.18884/00001064
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    References listed on IDEAS

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    1. Elizabeth Lwanga Nanziri, 2016. "Financial Inclusion and Welfare in South Africa: Is there a Gender Gap?," Journal of African Development, African Finance and Economic Association (AFEA), vol. 18(2), pages 109-134.
    2. Swamy, Vighneswara, 2014. "Financial Inclusion, Gender Dimension, and Economic Impact on Poor Households," World Development, Elsevier, vol. 56(C), pages 1-15.
    3. World Bank, 2018. "The Little Data Book on Financial Inclusion 2018," World Bank Publications - Books, The World Bank Group, number 29654, April.
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    Cited by:

    1. Eunjung Park & Sangyoon Yi, 2025. "Compulsory education enhances financial inclusion across socioeconomic groups: a global analysis," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.

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