Who Does Not Have a Bank Account in Hungary Today?

20 Pages Posted: 16 Jan 2020

See all articles by Daniel Horn

Daniel Horn

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS)

Hubert Janos Kiss

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS); Corvinus University of Budapest

Date Written: December 26, 2019

Abstract

Based on a representative sample, the study examines how regional variables and variables related to settlement type as well as demographic (gender, age), social (qualifications, income) and labour market characteristics (unemployment, public sector) and individual preferences (risk-taking and patience) are correlated with the fact that the respondent has a bank account or bank card or not. The authors find that having a bank account or bank card is not influenced by whether someone works in the public sector or not or by the individual’s gender, while the effect of the preferences depends on the financial service. The impact of the other variables (age, education, income, unemployment) is in line with expectations and is significant separately as well as if they are taken into account simultaneously. The analysis shows that regional impacts and ones related to settlement type are also significant.

Keywords: bank account, bank card, risk-taking, financial inclusion, socio-demographic characteristics, patience

JEL Classification: D14, G2, G4

Suggested Citation

Horn, Daniel and Kiss, Hubert Janos, Who Does Not Have a Bank Account in Hungary Today? (December 26, 2019). Available at SSRN: https://ssrn.com/abstract=3509811 or http://dx.doi.org/10.2139/ssrn.3509811

Daniel Horn

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS) ( email )

Budaorsi ut 45
Budapest, 1112
Hungary

Hubert Janos Kiss (Contact Author)

Hungarian Academy of Sciences (HAS) - Institute of Economics CERS-HAS (IEHAS) ( email )

Budaorsi ut 45
Budapest, 1112
Hungary

Corvinus University of Budapest

Hungary

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