https://orcid.org/0000-0002-2835-4324
![Sample our Economics, Finance,Business & Industry journals, sign in here to start your access, latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5931/TOC-Subject-Sample-2021-Economics-Finance-Business-Industry.jpg"})
Abstract
Vulnerable households often tend to decrease their human capital expenditures, like education and training, to maintain food and non-food (clothing and housing) expenditures when any income shock occurs. Financial inclusion acts as a safeguard to maintain the stability of human capital investments in households because it provides an opportunity to save additional resources to invest for productive purposes. This study examines the impact of financial inclusion on the expenditure pattern of slum households in Bangladesh using propensity score matching. Four outcomes—food, non-food, educational, and health expenditure—are considered in this study. A heterogeneous analysis and inverse probability weighted regression adjustment estimation were conducted as robustness checks. Our results demonstrate that financial inclusion has only a significant positive impact on slum households’ educational expenditures, while financial inclusion has no impact on food, non-food, or health expenditures.
Reviewing editor:
Author contributions
Conceptualization: MD Abdul Bari, Ghulam Dastgir Khan; Formal Analysis: MD Abdul Bari; Methodology: MD Abdul Bari, Ghulam Dastgir Khan, Yuichiro Yoshida; Visualization: MD Abdul Bari; Supervision: Ghulam Dastgir Khan, Yuichiro Yoshida; Writing—original draft: MD Abdul Bari; and Writing—review & editing: Mohammad Ajmal Khuram, Md. Jahedul Islam
Disclosure statement
No potential conflict of interest was reported by the author(s).
Data availability statement
The data that support the findings of this study are available from the corresponding author, upon reasonable request.
Disclosure of interest
No potential conflict of interest was reported by the author(s).