First quartile as the baseline Second quartile 0.0818 (0.2349) Third quartile 0.5803 *** (0.1922) Fourth quartile 1.1097 *** (0.1895) Out of labor force as the baseline Unemployed 0.1885 (0.2344) Formally employed -0.4495 * (0.2397) Informally employed 0.1815 *** (0.91) Self-employed 0.1196 (0.1637) Retired 0.2168 (0.268) Urban village -0.0589 (0.1241) 0 - 1 Media as the baseline 2 Media -0.0608 (0.2491) 3 Media -0.3967 (0.2446) 4 Media -0.1410 (0.2478) 5 6 -0.2158 – (0.2556) HH size -0.0333 ** (0.0133) Stable income -0.1440 (0.1865) Save as a child 0.2156 ** (0.0923) Constant -2.8544 *** (0.4769) Estimates of probit model. Standard error in parentheses *** p<0.01, ** p<0.05, * p<0.1 Chapter 2. Financial Capability Table 18. Financial Literacy Score by Social and Demographic Factors
First quartile as the baseline Second quartile 0.0818 (0.2349) Third quartile 0.5803 *** (0.1922) Fourth quartile 1.1097 *** (0.1895) Out of labor force as the baseline Unemployed 0.1885 (0.2344) Formally employed -0.4495 * (0.2397) Informally employed 0.1815 *** (0.91) Self-employed 0.1196 (0.1637) Retired 0.2168 (0.268) Urban village -0.0589 (0.1241) 0 - 1 Media as the baseline 2 Media -0.0608 (0.2491) 3 Media -0.3967 (0.2446) 4 Media -0.1410 (0.2478) 5 – 6 -0.2158 (0.2556) HH size -0.0333 ** (0.0133) Stable income -0.1440 (0.1865) Save as a child 0.2156 ** (0.0923) Constant -2.8544 *** (0.4769) Estimates of probit model. Standard error in parentheses *** p<0.01, ** p<0.05, * p<0.1 Chapter 2. Financial Capability Table 18. Financial Literacy Score by Social and Demographic Factors
SENEGAL-Enhancing-Financial-Capability-and-Inclusioin-Final-20160615.docx