Access to Financial Services and Working Poverty in Developing Countries

Abstract : This paper investigates the effect of access to financial services on the prevalence of working poor. Using a panel of 63 developing countries over the period 2004-2013, we find that improving financial access (as measured by the number of bank branches per 100,000 adults) reduces the prevalence of working poor (workers living with less than US dollar 1.25 a day). This effect is even more relevant in countries affected by strong macroeconomic instability. Our findings are robust to endogeneity bias, the addition of various controls including remittances and mobile phone subscriptions, and to the shifting of the poverty line from US dollar 1.25 to US dollar 1.90. We also show that barriers to use banking services are correlated positively with working poverty. Moreover, our results confirm the validity of some transmissions channels such as growth (trickle-down effect) and the access of the non-poor workers to financial services, suggesting that improving financial access for the excluded non-poor can have a strong reducing-effect on working poverty.
Type de document :
Pré-publication, Document de travail
2016.20. 2016
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Soumis le : vendredi 25 novembre 2016 - 13:26:41
Dernière modification le : jeudi 11 janvier 2018 - 06:28:00
Document(s) archivé(s) le : mardi 21 mars 2017 - 06:42:19


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  • HAL Id : halshs-01403001, version 1



Aïssata Coulibaly, Urbain Thierry Yogo. Access to Financial Services and Working Poverty in Developing Countries. 2016.20. 2016. 〈halshs-01403001〉



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