Financial exclusion and financial literacy
Evidence from Mexico
DOI:
https://doi.org/10.47872/laer.v31.103Abstract
The present study seeks to contribute to the understanding of the underlying factors that could explain the high levels of financial exclusion that persist in Mexico, in particular the role of financial literacy. Our analysis is based on the 2018 National Survey of Financial Inclusion in Mexico (ENIF). To address the potential endogeneity between financial inclusion and financial literacy we use an instrumental variable probit model. The empirical analysis shows that the low levels of financial literacy, socioeconomic vulnerabilities, personality traits, and lack of trust in financial institutions prompt holding a formal financial product in Mexico.
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Maria Jose Roa
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
LAER Copyright and License
Authors submitting articles to Latin American Economic Review (LAER), automatically grant this journal a license to publish. Copyright of all published material remains with the authors, who can reuse it in future work without needing to make reference to LAER. Similarly, any other contribution of material to the website (for example text, photographs, graphics, video or audio) automatically grants us a right to publish. Copyright, however, remains with the author(s).
Authors release their work under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0). This license allows anyone to copy, distribute and transmit the work, provided the use has no derivatives, is non-commercial and appropriate credit to the author(s) is given. (If you remix, transform, or build upon the material, you may not distribute the modified material.)
A human-readable summary of the licence:
https://creativecommons.org/licenses/by-nc-nd/4.0/
Full legal text: