International Remittances and Financial Inclusion in Sub-Saharan Africa

This paper uses World Bank survey data, including about 10,000 households in five countries -- Burkina Faso, Kenya, Nigeria, Senegal, and Uganda -- to investigate the link between international remittances and households' financial inclusion i...

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Main Authors:	Aga, Gemechu Ayana, Martinez Peria, Maria Soledad
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AMOUNT OF REMITTANCES BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKING SECTOR BANKS BUSINESS OWNERSHIP CAPITA INCOME DEMAND FOR SAVINGS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DESTINATION COUNTRY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT GOALS DEVELOPMENT POLICY DUMMY VARIABLE ECONOMIC CONDITIONS EMPLOYMENT EMPLOYMENT STATUS EMPOWERMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE EXPENDITURES FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INSTITUTIONS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GLOBAL DEVELOPMENT HIGH SCHOOL DIPLOMA HOME COUNTRY HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN CAPITAL IMPACT OF REMITTANCES IMPACT ON HEALTH IMPORTANCE OF REMITTANCES INFORMAL CHANNELS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTERNATIONAL BANK INTERNATIONAL MIGRANT INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES JOB CREATION LABOR SUPPLY LACK OF AWARENESS LEVEL OF EDUCATION LIVING CONDITIONS MICROFINANCE MIGRANT MIGRANTS MIGRATION OFFICIAL DEVELOPMENT ASSISTANCE POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER PRODUCTIVE INVESTMENT PROGRESS RECEIPT REMITTANCE REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCES SAVINGS INSTRUMENTS SAVINGS PRODUCT SCHOOL AGE SEND REMITTANCES TEMPORARY MIGRATION UNIVERSAL ACCESS URBAN AREA URBAN AREAS VALUE OF REMITTANCES
Online Access:	http://documents.worldbank.org/curated/en/2014/07/19900591/international-remittances-financial-inclusion-sub-saharan-africa http://hdl.handle.net/10986/19383

id	okr-10986-19383
recordtype	oai_dc
spelling	okr-10986-193832021-04-23T14:03:52Z International Remittances and Financial Inclusion in Sub-Saharan Africa Aga, Gemechu Ayana Martinez Peria, Maria Soledad ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AMOUNT OF REMITTANCES BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKING SECTOR BANKS BUSINESS OWNERSHIP CAPITA INCOME DEMAND FOR SAVINGS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DESTINATION COUNTRY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT GOALS DEVELOPMENT POLICY DUMMY VARIABLE ECONOMIC CONDITIONS EMPLOYMENT EMPLOYMENT STATUS EMPOWERMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE EXPENDITURES FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INSTITUTIONS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GLOBAL DEVELOPMENT HIGH SCHOOL DIPLOMA HOME COUNTRY HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN CAPITAL IMPACT OF REMITTANCES IMPACT ON HEALTH IMPORTANCE OF REMITTANCES INFORMAL CHANNELS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTERNATIONAL BANK INTERNATIONAL MIGRANT INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES JOB CREATION LABOR SUPPLY LACK OF AWARENESS LEVEL OF EDUCATION LIVING CONDITIONS MICROFINANCE MIGRANT MIGRANTS MIGRATION OFFICIAL DEVELOPMENT ASSISTANCE POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER PRODUCTIVE INVESTMENT PROGRESS RECEIPT REMITTANCE REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCES SAVINGS INSTRUMENTS SAVINGS PRODUCT SCHOOL AGE SEND REMITTANCES TEMPORARY MIGRATION UNIVERSAL ACCESS URBAN AREA URBAN AREAS VALUE OF REMITTANCES This paper uses World Bank survey data, including about 10,000 households in five countries -- Burkina Faso, Kenya, Nigeria, Senegal, and Uganda -- to investigate the link between international remittances and households' financial inclusion in Sub-Saharan Africa. The paper finds that receiving international remittances increases the probability that the household opens a bank account in all the five countries. This result is robust to controlling for the potential endogeneity of remittances, using as instruments indicators of the migrants' economic conditions in the destination countries. 2014-08-15T18:49:16Z 2014-08-15T18:49:16Z 2014-07 http://documents.worldbank.org/curated/en/2014/07/19900591/international-remittances-financial-inclusion-sub-saharan-africa http://hdl.handle.net/10986/19383 English en_US Policy Research Working Paper;No. 6991 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Africa Sub-Saharan Africa Burkina Faso Kenya Nigeria Senegal Uganda
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AMOUNT OF REMITTANCES BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKING SECTOR BANKS BUSINESS OWNERSHIP CAPITA INCOME DEMAND FOR SAVINGS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DESTINATION COUNTRY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT GOALS DEVELOPMENT POLICY DUMMY VARIABLE ECONOMIC CONDITIONS EMPLOYMENT EMPLOYMENT STATUS EMPOWERMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE EXPENDITURES FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INSTITUTIONS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GLOBAL DEVELOPMENT HIGH SCHOOL DIPLOMA HOME COUNTRY HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN CAPITAL IMPACT OF REMITTANCES IMPACT ON HEALTH IMPORTANCE OF REMITTANCES INFORMAL CHANNELS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTERNATIONAL BANK INTERNATIONAL MIGRANT INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES JOB CREATION LABOR SUPPLY LACK OF AWARENESS LEVEL OF EDUCATION LIVING CONDITIONS MICROFINANCE MIGRANT MIGRANTS MIGRATION OFFICIAL DEVELOPMENT ASSISTANCE POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER PRODUCTIVE INVESTMENT PROGRESS RECEIPT REMITTANCE REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCES SAVINGS INSTRUMENTS SAVINGS PRODUCT SCHOOL AGE SEND REMITTANCES TEMPORARY MIGRATION UNIVERSAL ACCESS URBAN AREA URBAN AREAS VALUE OF REMITTANCES
spellingShingle	ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO SAVINGS AMOUNT OF REMITTANCES BANK ACCOUNT BANK ACCOUNTS BANK POLICY BANKING SECTOR BANKS BUSINESS OWNERSHIP CAPITA INCOME DEMAND FOR SAVINGS DEPOSIT DEPOSIT ACCOUNTS DEPOSITS DESTINATION COUNTRY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT GOALS DEVELOPMENT POLICY DUMMY VARIABLE ECONOMIC CONDITIONS EMPLOYMENT EMPLOYMENT STATUS EMPOWERMENT ENTREPRENEURSHIP EXCHANGE RATE EXPENDITURE EXPENDITURES FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL EXCLUSION FINANCIAL INSTITUTIONS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FIXED COSTS FOREIGN DIRECT INVESTMENT FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GLOBAL DEVELOPMENT HIGH SCHOOL DIPLOMA HOME COUNTRY HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN CAPITAL IMPACT OF REMITTANCES IMPACT ON HEALTH IMPORTANCE OF REMITTANCES INFORMAL CHANNELS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTERNATIONAL BANK INTERNATIONAL MIGRANT INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES JOB CREATION LABOR SUPPLY LACK OF AWARENESS LEVEL OF EDUCATION LIVING CONDITIONS MICROFINANCE MIGRANT MIGRANTS MIGRATION OFFICIAL DEVELOPMENT ASSISTANCE POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER PRODUCTIVE INVESTMENT PROGRESS RECEIPT REMITTANCE REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCES SAVINGS INSTRUMENTS SAVINGS PRODUCT SCHOOL AGE SEND REMITTANCES TEMPORARY MIGRATION UNIVERSAL ACCESS URBAN AREA URBAN AREAS VALUE OF REMITTANCES Aga, Gemechu Ayana Martinez Peria, Maria Soledad International Remittances and Financial Inclusion in Sub-Saharan Africa
geographic_facet	Africa Sub-Saharan Africa Burkina Faso Kenya Nigeria Senegal Uganda
relation	Policy Research Working Paper;No. 6991
description	This paper uses World Bank survey data, including about 10,000 households in five countries -- Burkina Faso, Kenya, Nigeria, Senegal, and Uganda -- to investigate the link between international remittances and households' financial inclusion in Sub-Saharan Africa. The paper finds that receiving international remittances increases the probability that the household opens a bank account in all the five countries. This result is robust to controlling for the potential endogeneity of remittances, using as instruments indicators of the migrants' economic conditions in the destination countries.
format	Publications & Research :: Policy Research Working Paper
author	Aga, Gemechu Ayana Martinez Peria, Maria Soledad
author_facet	Aga, Gemechu Ayana Martinez Peria, Maria Soledad
author_sort	Aga, Gemechu Ayana
title	International Remittances and Financial Inclusion in Sub-Saharan Africa
title_short	International Remittances and Financial Inclusion in Sub-Saharan Africa
title_full	International Remittances and Financial Inclusion in Sub-Saharan Africa
title_fullStr	International Remittances and Financial Inclusion in Sub-Saharan Africa
title_full_unstemmed	International Remittances and Financial Inclusion in Sub-Saharan Africa
title_sort	international remittances and financial inclusion in sub-saharan africa
publisher	World Bank Group, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/07/19900591/international-remittances-financial-inclusion-sub-saharan-africa http://hdl.handle.net/10986/19383
_version_	1764443826755207168

International Remittances and Financial Inclusion in Sub-Saharan Africa

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