Ajefu, Joseph, Demir, Ayse and Haghpanahan, Houra (2020) 'The impact of financial inclusion on mental health.' SSM - Population Health, 11.
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Abstract
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.
| Item Type: | Journal Article |
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| Keywords: | Financial inclusion, Mental health, Nigeria |
| SOAS Departments & Centres: | Departments and Subunits > School of Finance & Management |
| ISSN: | 23528273 |
| Copyright Statement: | © 2020 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license: http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| DOI (Digital Object Identifier): | https://doi.org/10.1016/j.ssmph.2020.100630 |
| Date Deposited: | 13 Jan 2021 08:36 |
| URI: | https://eprints.soas.ac.uk/id/eprint/34647 |
| Funders: | Economic and Social Research Council |
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