The Gender Gap in the Use of Financial Services in Turkey
The reach of the financial sector in Turkey is wide - as measured by account penetration, use of electronic payments, and credit card ownership - relative to both developing and high-income countries. The gender gap in Turkey for account ownership...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/724351479283977084/The-gender-gap-in-the-use-of-financial-services http://hdl.handle.net/10986/25412 |
| Summary: | The reach of the financial sector in
Turkey is wide - as measured by account penetration, use of
electronic payments, and credit card ownership - relative to
both developing and high-income countries. The gender gap in
Turkey for account ownership is 49 percentage points, the
highest rate among all middle-income countries. This paper
discusses environmental factors that may help explain the
significantly low use of financial services by women in
Turkey. The authors explore reasons for the large gender gap
in financial inclusion in Turkey and find that female
workplace participation is an important factor in explaining
financial inclusion among women. Men are more than three
times as likely as women to report using an account to
receive money from work and or the government. This paper is
organized as follows: section one gives introduction.
Section two summarizes account ownership and usage in
Turkey. Section three analyzes formal and informal saving
rates, section four discusses the use of formal and informal
credit and the high use of store credit cards. Section five
examines gender differences in enterprise financing. |
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