{
  "title": "Household Financial Access and Risk Sharing in Nigeria",
  "publication": "IMF Working Papers, July 22, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/household-financial-access-and-risk-sharing-in-nigeria-43116",
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  "summary": "We examine the role of household financial access in determining the extent of risksharing in Nigeria using household-level panel data.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Title: Household Financial Access and Risk Sharing in Nigeria\n- Authors: Stacy Carlson, Era Dabla-Norris, Mika Saito, Yu Shi\n- Publication date: July 22, 2015\n- Series: IMF Working Papers, Working Paper No. 2015/169\n- Pages: 28\n- DOI: https://doi.org/10.5089/9781513506692.001"
    },
    {
      "heading": "Research question and approach",
      "content": "- Examines the role of household financial access in determining the extent of risk sharing in Nigeria.\n- Uses household-level panel data.\n- Estimates changes in the response of consumption to shocks for three household groups:\n  - Households with formal access to finance\n  - Households with informal access to finance\n  - Households without financial access\n- Analysis performed for Nigeria as a whole and for different regions."
    },
    {
      "heading": "Key findings",
      "content": "- Households with financial access who experience an unexpected negative income shock see consumption fall by 15 percentage points less than those without access.\n- The mitigating effect on consumption is mainly driven by:\n  - Households with informal financial access\n  - Household savings rather than borrowing\n- Regional variation in risk sharing tends to be significant."
    },
    {
      "heading": "Policy implications",
      "content": "- Financial inclusion efforts going forward should have a more regional focus, reflecting significant regional variation in risk sharing."
    },
    {
      "heading": "Subject classifications and keywords",
      "content": "- Subject: Banking, Consumption, Financial inclusion, Financial markets, Household consumption, Income, Income shocks, National accounts\n- Keywords: Africa, bank, Consumption, consumption pattern, enhancement schemes program, Financial access, Financial inclusion, financial institution, Household consumption, Household Panel Data, Income, Income shocks, legacy community bank, micro-household business, Nigeria, poverty rate, Risk-Sharing, Sub-Saharan Africa, WP\n\nIMF Working Paper No. 2015/169 (July 22, 2015) — Stacy Carlson, Era Dabla-Norris, Mika Saito, Yu Shi. DOI: https://doi.org/10.5089/9781513506692.001\n\n---\n\n Content in this bundle\n\n- 1. Nigeria: Poverty Headcount, 2012/13\n  - 1. Nigeria: Poverty Headcount, 2012/13 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Nigeria: Poverty Headcount, 2012/13 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/household-financial-access-and-risk-sharing-in-nigeria-43116"
    }
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    "Authors: Stacy Carlson, Era Dabla-Norris, Mika Saito, Yu Shi",
    "Published: July 22, 2015",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781513506692.001",
    "Title: Household Financial Access and Risk Sharing in Nigeria",
    "Authors: Stacy Carlson, Era Dabla-Norris, Mika Saito, Yu Shi",
    "Publication date: July 22, 2015",
    "Series: IMF Working Papers, Working Paper No. 2015/169",
    "Pages: 28",
    "DOI: https://doi.org/10.5089/9781513506692.001",
    "Examines the role of household financial access in determining the extent of risk sharing in Nigeria.",
    "Uses household-level panel data.",
    "Estimates changes in the response of consumption to shocks for three household groups:",
    "Analysis performed for Nigeria as a whole and for different regions.",
    "Households with financial access who experience an unexpected negative income shock see consumption fall by 15 percentage points less than those without access.",
    "The mitigating effect on consumption is mainly driven by:",
    "Regional variation in risk sharing tends to be significant.",
    "Financial inclusion efforts going forward should have a more regional focus, reflecting significant regional variation in risk sharing.",
    "Subject: Banking, Consumption, Financial inclusion, Financial markets, Household consumption, Income, Income shocks, National accounts",
    "Keywords: Africa, bank, Consumption, consumption pattern, enhancement schemes program, Financial access, Financial inclusion, financial institution, Household consumption, Household Panel Data, Income, Income shocks, legacy community bank, micro-household business, Nigeria, poverty rate, Risk-Sharing, Sub-Saharan Africa, WP",
    "**1. Nigeria: Poverty Headcount, 2012/13**"
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