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Gender equality in businesses and in financial system
Last modified: 2020-06-10
Abstract
This paper investigates the empirical link between gender equality in businesses and financial inclusion of women. The research question is whether gender equality in access to financial instruments and the share of women in businesses move together. The paper includes tabular and graphical analysis as well as probit regressions. The empirical model controls for many related variables, such as gender equality in education and the size of informal sector. The findings, indeed, support the expected results that improvements in financial inclusion of females may go hand in hand with higher shares of female involvement in businesses. The findings of the paper have useful policy implications, such as increasing the presence of women in the business world may require gender equality in financial inclusiveness. Policies enhancing the presence of females in financial systems can be a good starting point for gender equality in the work environment.