Financial services and the informal economy

dc.creatorArdington, Cally
dc.creatorLeibbrandt, Murray
dc.date2013-10-03T13:43:27Z
dc.date2013-10-03T13:43:27Z
dc.date2004-05
dc.date.accessioned2015-05-28T10:06:25Z
dc.date.available2015-05-28T10:06:25Z
dc.date.issued2015-05-28
dc.descriptionThis paper examines the impact of formality of employment on the utilisation of financial services, using data from the October 2000 Income and Expenditure Survey and the September 2000 Labour Force Survey. The presence of an employed member in the household is seen to be important for the utilisation of both bank accounts and funeral insurance, even after controlling for income. Furthermore there are strong links between the nature of this employment and utilisation of financial services. Employees are more likely to utilise financial services than the self-employed. Among employees, the probability of utilising financial services increases with the degree of formality of employment. These effects are stronger for formal banking services than for funeral insurance which includes informal burial societies.
dc.identifier0-7992-2251-8
dc.identifierhttp://hdl.handle.net/11090/641
dc.identifier.ris TY - Working Paper DA - 2015-05-28 DB - OpenUCT DP - University of Cape Town KW - Financial Services KW - Economy KW - Informal LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Financial services and the informal economy TI - Financial services and the informal economy UR - http://hdl.handle.net/11090/641 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11090/641
dc.languageen
dc.publisherCSSR and SALDRU
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.relationCSSR/SALDRU Working Paper; 66
dc.subjectFinancial Services
dc.subjectEconomy
dc.subjectInformal
dc.titleFinancial services and the informal economy
dc.typeWorking Paper
uct.type.publicationResearchen_ZA
uct.type.resourceWorking Paperen_ZA
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