What factors influence household financial decisions in Malawi?

Paul Kachepa, Muhammad Zubair Mumtaz
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Abstract

PurposeThis study investigates the factors influencing household financial choices in Malawi. The authors also compare how household financial decisions differ in urban and rural areas.Design/methodology/approachThe authors utilize the logit model to examine the factors that influence household financial decisions using the Malawi Integrated Household Survey 2019–20, while Oaxaca–Blinder decomposition is used to estimate the variations in household financial decisions between urban and rural areas.FindingsThe authors find that the likelihood of saving increases with income, secondary and tertiary education, and age. The likelihood of saving also decreases with household size and remittances. Additionally, the authors report that marriage reduces the likelihood of loans, whereas sex, age, and income raise the likelihood of loans. According to this study’s findings, income discrepancies between urban and rural samples account for most observed household financial variations. The authors also find that most of the observed variations in household financial decision-making between urban and rural households are reduced when income equality, participation in agriculture, university education, and household size are considered.Originality/valueUsing data from the Malawi Integrated Household Survey 2019–20, this research analyzes the components that affect household financial decisions. While most studies only look at one component of household finances, this study concurrently addresses debt and savings. The study also evaluates whether changes in the variables between urban and rural households impact those households' financing choices.
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哪些因素影响马拉维的家庭财务决策?
目的本研究调查了影响马拉维家庭财务选择的因素。作者还比较了城市和农村地区家庭财务决策的差异。设计/方法/方法作者利用logit模型,使用2019–20年马拉维综合家庭调查来检验影响家庭财务决策的因素,而瓦哈卡-布林德分解用于估计城市和农村地区家庭财务决策中的差异。研究结果作者发现,储蓄的可能性随着收入、中等和高等教育以及年龄的增长而增加。储蓄的可能性也随着家庭规模和汇款而降低。此外,作者报告说,婚姻降低了贷款的可能性,而性别、年龄和收入增加了贷款的可能。根据这项研究的结果,城市和农村样本之间的收入差异是观察到的大多数家庭财务差异的原因。作者还发现,当考虑到收入平等、参与农业、大学教育和家庭规模时,观察到的城乡家庭财务决策的大多数差异都会减少。独创性/价值利用2019–20年马拉维综合家庭调查的数据,本研究分析了影响家庭财务决策的因素。虽然大多数研究只关注家庭财务的一个组成部分,但这项研究同时涉及债务和储蓄。该研究还评估了城市和农村家庭之间变量的变化是否会影响这些家庭的融资选择。
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来源期刊
CiteScore
3.20
自引率
7.70%
发文量
41
期刊介绍: African Journal of Economic and Management Studies (AJEMS) advances both theoretical and empirical research, informs policies and practices, and improves understanding of how economic and business decisions shape the lives of Africans. AJEMS is a multidisciplinary journal and welcomes papers from all the major disciplines in economics, business and management studies.
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