Ajefu, J. B., Demir, A. and Haghpanahan, H. (2020) The impact of financial inclusion on mental health. SSM - Population Health, 11, 100630. (doi: 10.1016/j.ssmph.2020.100630)
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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: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Haghpanahan, Dr Houra |
Authors: | Ajefu, J. B., Demir, A., and Haghpanahan, H. |
College/School: | College of Medical Veterinary and Life Sciences > School of Health & Wellbeing > Health Economics and Health Technology Assessment |
Journal Name: | SSM - Population Health |
Publisher: | Elsevier |
ISSN: | 2352-8273 |
ISSN (Online): | 2352-8273 |
Published Online: | 11 July 2020 |
Copyright Holders: | Copyright © 2020 The Authors |
First Published: | First published in SSM - Population Health 11: 100630 |
Publisher Policy: | Reproduced under a Creative Commons License |
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