The Impact of Gender Empowerment on the Expansion of Female Financial Inclusion
My paper examines the impact of gender empowerment on women’s financial inclusion. I hypothesize that gender empowerment can expand female financial inclusion through affecting women’s status in society, increasing the percentage of women owning a bank account and account usage, and thus catalyze women empowerment and reduce gender barriers for female financial inclusion. Specifically, using panel data from the Global Findex Database (Global Findex 2017), the World Bank’s Women, Business and Law Database and Quality of Government Database, I conclude that for countries where women are better educated, and socially and politically empowered, a larger percentage of women have a bank account, use digital transfer and own a credit card. From a policy perspective, the paper underscores the importance of developing financial inclusion infrastructure, enhancing women’s financial literacy, and promoting world-wide gender equality.
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Wang, Siyi (Georgetown University, 2019)This paper analyzes the variation in access to and use of financial services for women in approximately 120 countries. Using panel data from the Global Financial Inclusion Index (Global Findex 2017) on account ownership ...