Fintech, Female Employment, and Gender Inequality

Fintech, Female Employment, and Gender Inequality
Author :
Publisher : International Monetary Fund
Total Pages : 39
Release :
ISBN-10 : 9798400210655
ISBN-13 :
Rating : 4/5 (55 Downloads)

Book Synopsis Fintech, Female Employment, and Gender Inequality by : Mr. Boileau Loko

Download or read book Fintech, Female Employment, and Gender Inequality written by Mr. Boileau Loko and published by International Monetary Fund. This book was released on 2022-06-03 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fintech, which delivers financial services digitally, promises to promote financial inclusion and close the gender gap. Using a novel fintech dataset for 114 economies worldwide, this paper shows that fintech adoption significantly improves female employment and reduces gender inequality, the effect being more pronounced in firms without traditional financial access. Fintech not only increases the number and ratio of female employees in the workforce, but also mitigates financial constraints of female-headed firms. Digital divide and poor institutions weaken such benefits. Endogeneity is accounted for by a fixed effects identification strategy. We conclude by providing policy recommendations and outlining avenues for future research.


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