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Financial exclusion in OECD countries: A scoping review

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  • Mary A. Caplan
  • Julie Birkenmaier
  • Junghee Bae

Abstract

This scoping review assesses the state of scholarly literature on financial exclusion in OECD member countries to identify key concepts, gaps in the research, and types and sources of evidence to inform an agenda for advancing research, practice, and policy. The authors searched eight databases using 13 terms. The researchers extracted data for five concepts: financial inclusion conceptualization, financial inclusion measurement, financial inclusion mechanisms, financial exclusion conceptual, descriptive or empirical content, and financial capability conceptualization or measurement. This article reports on data coded only for financial exclusion conceptual, descriptive, or empirical content. The researchers identified N = 148 studies for inclusion. The majority of the studies were conceptual and were focused on either the USA or the UK. Aspects of financial exclusion that were well covered in the literature include the conceptualization, contributors, and impacts of financial exclusion. Less covered were measurement, prevention, and contemporary practice trends in financial exclusion.

Suggested Citation

  • Mary A. Caplan & Julie Birkenmaier & Junghee Bae, 2021. "Financial exclusion in OECD countries: A scoping review," International Journal of Social Welfare, John Wiley & Sons, vol. 30(1), pages 58-71, January.
    • Handle: RePEc:wly:injsow:v:30:y:2021:i:1:p:58-71
    DOI: 10.1111/ijsw.12430
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    References listed on IDEAS

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    1. Maren Duvendack & Philip Mader, 2020. "Impact Of Financial Inclusion In Low‐ And Middle‐Income Countries: A Systematic Review Of Reviews," Journal of Economic Surveys, Wiley Blackwell, vol. 34(3), pages 594-629, July.
    2. Mandira Sarma, 2008. "Index of Financial Inclusion," Working Papers id:1575, eSocialSciences.
    3. Mandira Sarma, "undated". "Index of Financial Inclusion," Indian Council for Research on International Economic Relations, New Delhi Working Papers 215, Indian Council for Research on International Economic Relations, New Delhi, India.
    4. Pearce, Douglas, 2011. "Financial inclusion in the Middle East and North Africa : analysis and roadmap recommendations," Policy Research Working Paper Series 5610, The World Bank.
    5. Mandira Sarma, 2008. "Index of Financial Inclusion," Finance Working Papers 22259, East Asian Bureau of Economic Research.
    6. Ismayilova, Leyla & Ssewamala, Fred & Mooers, Elizabeth & Nabunya, Proscovia & Sheshadri, Srividya, 2012. "Imagining the future: Community perceptions of a family-based economic empowerment intervention for AIDS-orphaned adolescents in Uganda," Children and Youth Services Review, Elsevier, vol. 34(10), pages 2042-2051.
    7. William Skimmyhorn, 2016. "Assessing Financial Education: Evidence from Boot Camp," American Economic Journal: Economic Policy, American Economic Association, vol. 8(2), pages 322-343, May.
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    1. Julie Birkenmaier & David Rothwell & Jodi Jacobson Frey & Darla Spence Coffey, 2022. "Introduction to the Special Issue on “Financial Capability and Asset Building for Family Financial Wellbeing”," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 647-653, December.
    2. Mingzhao Xiong & Wenqi Li & Chenjie Jenny & Peixu Wang, 2023. "Financial Inclusion through Digitalization: Improving Emerging Drivers of Industrial Pollution—Evidence from China," Sustainability, MDPI, vol. 15(13), pages 1-17, June.

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