The impact of financial inclusion on mental health
| Main author: | Ajefu, Joseph |
|---|---|
| Other authors: | Demir, AyseHaghpanahan, Houra |
| Format: | Journal Article |
| Online access: |
Click here to view record |
| id |
eprints-34647 |
|---|---|
| recordtype |
eprints |
| institution |
SOAS, University of London |
| collection |
SOAS Research Online |
| language |
English |
| language_search |
English |
| description |
This paper examines the impact of financial inclusion on the mental health of heads of household in Nigeria. The study employed data from the 2015/2016 Nigerian General Household Survey (GHS), matched with georeferenced data concerning financial services obtained from the Insight2Impact (i2i) GIS interface. The results indicate that financial inclusion has a strong positive impact on mental health. The study used a robust instrumental variable method, in which a household's distance from the nearest financial institution was used as the instrument for financial inclusion. In addition, it identified the potential channels through which financial inclusion can influence mental health, including: (1) food expenditure; (2) remittances; and (3) risk-coping mechanisms. The findings of this study reinforce growing evidence for the benefits of financial inclusion for alleviating depression symptoms. |
| format |
Journal Article |
| author |
Ajefu, Joseph |
| author_facet |
Ajefu, Joseph Demir, Ayse Haghpanahan, Houra |
| authorStr |
Ajefu, Joseph |
| author_letter |
Ajefu, Joseph |
| author2 |
Demir, Ayse Haghpanahan, Houra |
| author2Str |
Demir, Ayse Haghpanahan, Houra |
| title |
The impact of financial inclusion on mental health |
| publisher |
Elsevier |
| publishDate |
2020 |
| url |
https://eprints.soas.ac.uk/34647/
|