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on Financial Literacy and Education |
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Issue of 2025–09–15
five papers chosen by Viviana Di Giovinazzo, Università degli Studi di Milano-Bicocca |
| By: | Pablo Cotler (Universidad Iberoamericana Mexico City) |
| Abstract: | This study examines the relationship between financial inclusion and the continued use of informal savings in Mexico, using data from three waves of the national financial inclusion survey and instrumental variable techniques. Despite increased account ownership, informal saving practices have not declined. Findings suggest that financial access, infrastructure, and education alone are insufficient to change saving behavior. Policies should consider incorporating features of informal mechanisms, such as rotating savings groups or cooperative models. A deeper understanding of household motivations are needed, and future surveys must capture user experiences to design more inclusive strategies that address persistent financial inequalities. |
| JEL: | D14 G21 O17 |
| Date: | 2025–09–02 |
| URL: | https://d.repec.org/n?u=RePEc:smx:wpaper:2025002 |
| By: | Ozili, Peterson K |
| Abstract: | This study investigates the determinants of financial stability in Nigeria. The two-stage least squares regression and fully modified ordinary least squares (OLS) regression methods were used to estimate the determinants of financial stability in Nigeria from 2002 to 2021. The findings reveal that banking sector return on asset, regulatory capital ratio, the level of financial inclusion, economic growth, inflation and the total unemployment rate are significant determinants of financial stability in Nigeria. Return on asset and the rate of unemployment have a significant positive impact on financial stability. The regulatory capital ratio, the level of financial inclusion, economic growth and inflation have a significant negative impact on financial stability in Nigeria. The implication of the findings is that high bank profitability (or high return on asset), low regulatory capital ratio and low inflation are crucial for financial stability in Nigeria. The results suggest that policymakers in Nigeria should use a mix of macroprudential and macroeconomic policy tools to ensure that banks remain profitable, maintain a minimum regulatory capital ratio and operate in a low inflation and low unemployment environment in order to preserve financial stability in Nigeria. |
| Keywords: | financial stability, return on assets, regulatory capital ratio, financial inclusion, economic growth, inflation, unemployment, efficiency, Nigeria, determinant, capital regulation. |
| JEL: | G20 G21 G23 G28 O43 O47 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:125792 |
| By: | Khaira Amalia Fachrudin (Universitas Sumatera Utara, Jalan TM Hanafiah, Kampus USU, 20155, Medan, Indonesia Author-2-Name: Muhammad Faidhil Iman Author-2-Workplace-Name: Universitas Indonesia, Jalan Lingkar Kampus Raya, 16424, Depok, Indonesia Author-3-Name: Khairina Sariza Muliana Author-3-Workplace-Name: "Universitas Sumatera Utara, Jalan TM Hanafiah, Kampus USU, 20155, Medan, Indonesia " Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - A national cashless movement is actively being promoted in Indonesia. This research aims to offer empirical insights into how practicality, lifestyle, digital financial literacy, perceived trust, and price orientation affect cashless payment adoption and whether it affects satisfaction with using these systems. This study further explores how the adoption of cashless payments functions as a mediating variable in the relationship between five key factors and user satisfaction with cashless payment usage. Methodology/Technique - The sample consisted of 400 income-earning individuals in Indonesia who had previously used cashless payment methods. Using partial least squares structural equation modeling (PLS-SEM) with a 5% significance level, the findings indicate that practicality, lifestyle, digital financial literacy, perceived trust, and price orientation all exert a significant and positive influence on the adoption of cashless payments. Satisfaction with cashless payments is positively and significantly affected by their adoption. Findings - Cashless payment adoption mediates the effects of price orientation, practicality, digital financial literacy, perceived trust, and lifestyle on satisfaction. The results suggest that companies should implement appealing or competitive pricing strategies to encourage consumers to use cashless payments. Novelty - Financial service providers should prioritize practicality and security to build trust in cashless payment systems. Finally, the government and educational institutions should provide continuous education initiatives to promote digital financial literacy among the public. Type of Paper - Empirical" |
| Keywords: | Practicality, Lifestyle, Digital Financial Literacy, Price Orientation, Cashless Payment. |
| JEL: | D12 O33 G21 E42 |
| Date: | 2025–06–30 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:afr239 |
| By: | Josué Mendoza (Centro de Estudios Espinosa Yglesias) |
| Abstract: | Este documento analiza cómo la inclusión financiera de los padres influye en los comportamientos financieros de sus hijos y en la movilidad social en México. Con base en los datos de la Encuesta ESRU de Movilidad Social en México 2023 (ESRU-EMOVI 2023), que tienen representatividad nacional, se observa que tener padres que contaban con al menos un producto financiero formal (por ejemplo, de ahorro o crédito) se asocia con una mayor inclusión financiera y niveles más altos de educación financiera entre la generación siguiente. Sin embargo, la persistencia de diferencias socioeconómicas y de género indica que la mejora en el acceso a los productos financieros por sí sola no puede eliminar plenamente las desigualdades estructurales. Mediante el uso de matrices de movilidad social, regresiones rango-rango y una descomposición de la desigualdad de oportunidades, se muestra además que los hijos de padres que tuvieron inclusión financiera presentan menos probabilidades de permanecer en la parte más baja de la distribución de recursos económicos y tienden a alcanzar posiciones más altas en general. Este análisis de la desigualdad de oportunidades indica que la inclusión financiera de los padres representa alrededor del 16 % de la desigualdad en los resultados socioeconómicos de sus hijos, lo que la convierte en una vía relevante de ventaja intergeneracional. En conjunto, las conclusiones subrayan la importancia tanto de ampliar la inclusión financiera como de complementarla con intervenciones más profundas, como, por ejemplo, iniciativas para fomentar la educación financiera y abordar las desventajas estructurales arraigadas para impulsar una movilidad social más equitativa en los países en desarrollo. |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:auk:ecosoc:2025_5 |
| By: | Schnabel, Claus (University of Erlangen-Nuremberg); Abraham, Martin (University of Erlangen-Nuremberg); Wieser, Luisa (FAU, Erlangen Nuremberg); Niessen, Cornelia (University of Erlangen-Nuremberg); Bergmann, Sara (FAU Erlangen Nuremberg) |
| Abstract: | This paper investigates the digital gender divide (DGD) in Germany by analyzing gendered patterns of digital technology use in both private and professional contexts, and their consequences for wages. Using data from the GESIS Panel, we construct a Digital Involvement at Work index covering ten technologies to assess both active use and passive exposure. Our results reveal a significant DGD in the workplace: women are consistently less involved with digital technologies at work, even after controlling for education, occupational qualification, and digital affinity. In contrast, private digital use appears more balanced. This suggests that structural constraints—rather than individual preferences—play a key role in shaping the divide. Further, we find that digital involvement is positively associated with individual income, yet it does not close the gender pay gap (GPG). On the contrary, digital involvement yields greater wage returns for men than for women. These findings highlight how gendered patterns of digitalization in the workplace reinforce existing inequalities. We conclude with a discussion of the implications for policy and labor market equity, emphasizing the need for measures that promote equitable digital inclusion. |
| Keywords: | gender, digital involvement, digitalisation, wages, gender pay gap, Germany |
| JEL: | J31 J16 O15 |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:iza:izadps:dp18097 |