The Mediating Role of Access to Financial Services in the Effect of Financial Literacy on Household Income
The Case of Rural Ghana
Bibliographic Data
| ID | 3565699 |
|---|---|
| Authors | Martinson Ankrah Twumasi (0000-0001-8703-7102, Sichuan Agricultural University), Yuansheng Jiang (0000-0003-3033-3693, Sichuan Agricultural University, corresponding author), Zhao Ding (0000-0003-2875-144X), Pengcheng Wang (0000-0002-0241-1888, China Agricultural University), Wonder Abgenyo (0000-0003-1367-4920, Sichuan Agricultural University) |
| Year | 2022 |
| Volume | 12 |
| Issue | 1 |
| Publication date | 2022-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/21582440221079921 |
| OpenAlex | W4214544944 |
| Language | EN |
| Citations received | 13 |
| References cited | 43 |
The aim of alleviating poverty has a necessary implication on rural households' economic development. The study investigates the mediating role of access to financial services (AFS) in the effect of financial literacy (FL) on household income using survey data collected from four regions in Ghana. Using the multi-stage sampling technique, 572 respondents were randomly selected for the study. The findings of this study reveal that financial literacy has a robust, increasing effect on household income. Again, the results depict that AFS mediates the positive effect of FL on household income. An interesting moderating effect of social networks is also revealed in the study. This study adds to the existing literature on rural development by exploring how financial education and inclusions contribute to poverty alleviation and provides policy implications to improve rural households' well-being
Business · Demographic economics · Economic growth · Economics · Financial inclusion · Financial literacy · Financial services · Geography · Household income · Literacy · Poverty · Socioeconomics · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Microfinance and Financial Inclusion · Finance
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| Unique citing works | 13 |
|---|---|
| Citations per year | 3,25 |
| Citation span | 2022 - 2025 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 13 |