What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs

Immigrants from countries with more effective institutions are more likely than other immigrants to have a relationship with a bank and to use formal financial markets more extensively. The evidence that a country's institutional environment shapes beliefs—and by extension the use of financial...

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Bibliographic Details
Main Authors:	Osili, Una Okonkwo, Paulson, Anna
Format:	Journal Article
Published:	World Bank 2012
Subjects:	biases checking account financial access financial market financial services formal financial markets households institutional reforms savings stock markets
Online Access:	http://hdl.handle.net/10986/4487

id	okr-10986-4487
recordtype	oai_dc
spelling	okr-10986-44872021-04-23T14:02:18Z What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs Osili, Una Okonkwo Paulson, Anna biases checking account financial access financial market financial services formal financial markets households institutional reforms savings stock markets Immigrants from countries with more effective institutions are more likely than other immigrants to have a relationship with a bank and to use formal financial markets more extensively. The evidence that a country's institutional environment shapes beliefs—and by extension the use of financial services—provides support for policies that focus on institutional reforms in promoting financial access. After holding wealth, education, and other factors constant, the impact of institutional quality in the country of origin affects the financial market participation of all immigrant groups except those who have lived in the United States for more than 28 years. These findings are robust to alternative measures of institutional effectiveness, to controlling for additional country of origin characteristics, and to various methods for addressing potential biases caused by immigrant self-selection. 2012-03-30T07:12:37Z 2012-03-30T07:12:37Z 2008-12-01 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/4487 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank Journal Article United States
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	biases checking account financial access financial market financial services formal financial markets households institutional reforms savings stock markets
spellingShingle	biases checking account financial access financial market financial services formal financial markets households institutional reforms savings stock markets Osili, Una Okonkwo Paulson, Anna What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs
geographic_facet	United States
description	Immigrants from countries with more effective institutions are more likely than other immigrants to have a relationship with a bank and to use formal financial markets more extensively. The evidence that a country's institutional environment shapes beliefs—and by extension the use of financial services—provides support for policies that focus on institutional reforms in promoting financial access. After holding wealth, education, and other factors constant, the impact of institutional quality in the country of origin affects the financial market participation of all immigrant groups except those who have lived in the United States for more than 28 years. These findings are robust to alternative measures of institutional effectiveness, to controlling for additional country of origin characteristics, and to various methods for addressing potential biases caused by immigrant self-selection.
format	Journal Article
author	Osili, Una Okonkwo Paulson, Anna
author_facet	Osili, Una Okonkwo Paulson, Anna
author_sort	Osili, Una Okonkwo
title	What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs
title_short	What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs
title_full	What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs
title_fullStr	What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs
title_full_unstemmed	What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs
title_sort	what can we learn about financial access from u.s. immigrants? the role of country of origin institutions and immigrant beliefs
publisher	World Bank
publishDate	2012
url	http://hdl.handle.net/10986/4487
_version_	1764391576501485568

What Can We Learn about Financial Access from U.S. Immigrants? The Role of Country of Origin Institutions and Immigrant Beliefs

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