Are social and financial exclusion two sides of the same coin? An analysis of the financial integration of vulnerable people

Fernández-Olit, Beatriz, Paredes-Gázquez, Juan Diego y Cuesta-González, Marta de la . (2018) Are social and financial exclusion two sides of the same coin? An analysis of the financial integration of vulnerable people. Social Indicators Research, 135, pp. 245-268

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Título Are social and financial exclusion two sides of the same coin? An analysis of the financial integration of vulnerable people
Autor(es) Fernández-Olit, Beatriz
Paredes-Gázquez, Juan Diego
Cuesta-González, Marta de la
Materia(s) Economía
Abstract The economic crisis has increased the inequality and heterogeneity of people at risk of social exclusion, and thus their financial vulnerability. This article reviews the literature on the determinants of unbanking and underbanking and proposes a model linking financial and social exclusion. We aimed to determine if people at risk of poverty and social exclusion are integrated -and to what extent- in the financial system. To answer this question, we identified the demographic and the social exclusion factors that determine both the status of financial vulnerability and the use of banking services. We used multivariate analysis methods to analyze the information from the survey on social vulnerability conducted by the Red Cross Spain in 2015. Our results show a negative relationship between the risk of social exclusion and the intensity of use of banking services. This leads to financial vulnerability and exclusion in the most extreme situations. We suggest that underbanking is the most relevant - but not previously studied- situation of financial vulnerability in Europe and discuss its implications for policymakers. This paper contributes to the measurement of the link between financial and social exclusion, and is the first quantitative study on the use of banking products by vulnerable people in a European context.
Palabras clave social exclusion
financial vulnerability
consumer vulnerability
banking services
unbanking
underbanking
Editor(es) Springer
Fecha 2018
Formato application/pdf
Identificador bibliuned:DptoEA-FECO-Articulos-Jdparedes-0001
http://e-spacio.uned.es/fez/view/bibliuned:DptoEA-FECO-Articulos-Jdparedes-0001
DOI - identifier https://doi.org/10.1007/s11205-016-1479-y
ISSN - identifier 0303-8300, eISSN 1573-0921
Nombre de la revista Social Indicators Research
Número de Volumen 135
Página inicial 245
Página final 268
Publicado en la Revista Social Indicators Research, 135, pp. 245-268
Idioma eng
Versión de la publicación publishedVersion
Tipo de recurso Article
Derechos de acceso y licencia http://creativecommons.org/licenses/by-nc-nd/4.0
info:eu-repo/semantics/openAccess
Tipo de acceso Acceso abierto
Notas adicionales This is an Accepted Manuscript of an article published by Social Indicators Research, available at: Springer, https://doi.org/10.1007/s11205-016-1479-y
Notas adicionales Este es el manuscrito aceptado del artículo publicado por Social Indicators Research, disponible en línea: Springer, https://doi.org/10.1007/s11205-016-1479-y

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Creado: Thu, 08 Feb 2024, 19:55:51 CET