Subjective cost of credit, access to financial services, and household well-being

Description

Within the West African Economic and Monetary Union (WAEMU), marked socioeconomic disparities and scarce credit underscore the development stakes of linking credit costs, financial access, and household well-being. While credit is often touted as a poverty-reduction tool, its welfare effect hinges on interest-rate levels, whether objectively observed or subjectively perceived. Drawing on the 2018 and 2021 World Bank Harmonized Household Living Standards Surveys and estimating mixed-effects models, we analyze heterogenous impacts across social, economic, and geographic strata

Institutions

• Universite du Lome

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