Ownership of a bank account and health of older Hispanics
Department(s)
School of Public Policy
Document Type
Article
Publication Date
2016
Abstract
We study health effects of financial inclusion, particularly ownership of a bank account of older minorities, with focus on Hispanics. Using data from the Health and Retirement Study from 2000 to 2012, we find that, for Hispanics, being banked has a positive effect on mental health but is not associated with effects on physical health. Mental health benefits are likely to be larger for those who face greater hurdles to access formal financial institutions. Hispanics in less well-off neighborhoods and with below-median wealth appear to experience the greatest mental-health benefits associated with ownership of a bank account.
Publication Title
Economics Letters
DOI
10.1016/j.econlet.2016.04.013
PubMed ID
27672231
Recommended Citation
Aguila, Emma; Angrisani, Marco; and Blanco, Luisa, "Ownership of a bank account and health of older Hispanics" (2016). Pepperdine University, All Faculty Open Access Publications. Paper 194.
https://digitalcommons.pepperdine.edu/faculty_pubs/194