Analysis of financial inclusion in Peru between 2018 - 2022. A gender gap approach
DOI:
https://doi.org/10.17533/udea.le.n105a357765Keywords:
financial inclusion, gender gap, probabilities, multivariate matching, sociodemographic determinantsAbstract
This study identifies the factors associated with inequality between men and women in Peru, in relation to access to the financial system. The analysis is based on data from a National Household Survey and data published by the Peruvian banking regulator. A nonlinear Probit regression model and a multivariate pairing are used.
It is found that women are more likely to be financially included compared to men. In 2018, the difference in the predicted probability of being financially included between women and men was 6.7 percentage points, while in 2022, this difference was reduced to 4.4. Variables such as labor formality, digital connectivity, age, educational level, and marital status were statistically significant in relation to people's financial inclusion. In this sense, the gap in financial inclusion, between women and men who maintain a job in the formal sector, is, on average, 5.6 percentage points in 2018 and decreases over time, reaching a gap of 2.5 percentage points in 2022.
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