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Gender, Household Structure and Financial Participation in the United States

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  • Smriti Rao
  • Hazel Malapit

Abstract

Despite considerable work on gender and access to financial services in the developing world, there have been few studies on this issue in the United States. In this paper, 2007 and 2010 US Survey of Consumer Finance data are used to study the differential impact of children on the likelihood of being unbanked and underbanked for couples, male-headed households and female-headed households. After controlling for various aspects of socio-economic status, logistic regressions indicate that an additional child increased female-headed households’ likelihood of being unbanked and underbanked. This child penalty is stronger for female-headed households than for couples or male-headed households. This result cannot be explained solely on the basis of demand side factors, including income, and calls for further research into the supply-side dynamics of access to financial services in the US. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Smriti Rao & Hazel Malapit, 2015. "Gender, Household Structure and Financial Participation in the United States," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 606-620, December.
    • Handle: RePEc:kap:jfamec:v:36:y:2015:i:4:p:606-620
    DOI: 10.1007/s10834-014-9426-z
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    3. Julie Birkenmaier & Qiang Fu, 2018. "Household Financial Access and Use of Alternative Financial Services in the U.S.: Two Sides of the Same Coin?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(3), pages 1169-1185, October.
    4. Alison Preston & Robert E. Wright, 2024. "When Does the Gender Gap in Financial Literacy Begin?," The Economic Record, The Economic Society of Australia, vol. 100(328), pages 44-73, March.
    5. J. Michael Collins & Sarah Halpern-Meekin & Melody Harvey & Jill Hoiting, 2023. "“I Don’t Like All Those Fees” Pragmatism About Financial Services Among Low-Income Parents," Journal of Family and Economic Issues, Springer, vol. 44(4), pages 807-820, December.
    6. Kara, Alper & Zhou, Haoyong & Zhou, Yifan, 2021. "Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe," International Review of Financial Analysis, Elsevier, vol. 77(C).
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