Lifting You up or Dragging You Down? The Role of Financial Inclusion in Poverty Transitions Among Italian Households
利用2002-2016年意大利家庭纵向样本，估计金融包容性对贫困进入和退出概率的影响，发现拥有存款账户使贫困风险降低2.7个百分点，脱贫概率提高4.4个百分点。
We estimate the effect of financial inclusion on transition probabilities into/out of poverty. By exploiting a longitudinal sample of Italian households between 2002 and 2016, we find that financial inclusion is effective in both reducing the likelihood of entering poverty and helping the poor to climb out of it. According to our estimates, access to deposit accounts reduces the risk of falling below the poverty line by 2.7 percentage points (pp) and increases the chance of exiting poverty by 4.4 pp. Significance and magnitude of such effects are confirmed when considering different poverty thresholds and definitions, alternative proxies for financial inclusion as well as alternative empirical strategies.