Financial Inclusion in Papua New Guinea
Full Sample
(1)
BankAcct
age
0.00206
(2)
BankAcct
0.00179
(3)
Bank Acct
0.00146
(0.00158)
(0.00159)
(0.00156)
(4)
BankAcct
0.00122
(0.00157)
sex
0.139***
0.127***
0.129***
0.118***
(0.0321)
(0.0310)
(0.0316)
(0.0305)
primary
0.0875***
0.0762**
0.0406
0.0353
(0.0314)
(0.0309)
(0.0335)
(0.0334)
secondary
0.334***
0.296***
0.208***
0.189**
(0.0663)
(0.0648)
(0.0799)
(0.0789)
tertiary
0.506***
0.447***
0.386***
0.346***
(0.0646)
(0.0652)
(0.0752)
(0.0752)
monthlyinc 0.0000704*** 0.0000677*** 0.0000638*** 0.0000623***
(0.0000213) (0.0000183) (0.0000206) (0.0000180)
0.0125*
(0.00656) (0.00671)
hhmembers
0.0118*
(0.00655)
0.0122*
(0.00670)
0.0122*
urban
0.100*
(0.0555)
0.0582
(0.0559)
0.0833
(0.0559)
0.0452
(0.0563)
Dist Dummy
-0.0533***
(0.00803)
-0.0519***
(0.00801)
english
0.153***
(0.0467)
0.130***
(0.0456)
_cons
-0.159**
(0.0720)
-0.0487
(0.0743)
-0.139*
-0.0313
N
584
584
(0.0722)
579
(0.0745)
579
Standard errors in parentheses
*p<0.10, ** p < 0.05, *** p<0.01
Men are 12% more likely to be
financially included
Likelihood of having a bank
account increases monotonically
with education
⚫ Living farther away from a bank
decreases the likelihood that a
person has an account
English-speaking is very
important! English is taught in
primary school.
Effect of income:
►If monthly income increases
by $100
likelihood of being
financially included increases
by 2.5%
590
Davies & Nettuno
Financial Inclusion in Papua New Guinea
August 4, 2022
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