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Fighting female unemployment: the role of female ownership of bank accounts in complementing female inclusive education

Simplice Asongu (School of Economics, University of Johannesburg, Johannesburg, South Africa) (Department of Economic and Data Science, New Uzbekistan University, Tashkent, Uzbekistan)

Journal of Entrepreneurship and Public Policy

ISSN: 2045-2101

Article publication date: 16 April 2024

Issue publication date: 29 July 2024

219

Abstract

Purpose

The purpose of the study is to assess if a policy of female inclusive education should be complemented with a policy of female ownership of bank accounts to fight female unemployment. The study therefore examines how female ownership of bank accounts moderates the incidence of female education on female unemployment.

Design/methodology/approach

The focus is on 44 sub-Saharan African (SSA) countries for the period 2004–2018 and the empirical evidence is based on interactive quantile regressions. The interactions are tailored such that female ownership of bank accounts influences the effect of female inclusive education on female unemployment.

Findings

From the empirical findings it is evident that female ownership of bank accounts does not effectively moderate female education in order to reduce female unemployment unless complementary policies are considered. The complementary policies should be in view of boosting the interaction between female education and female bank account ownership in increasing employment opportunities for the female gender and by extension, reducing female unemployment. The invalidity of the moderating effect is robust to the inclusion of more elements in the conditioning information set as well as accounting for other dimensions of endogeneity such as simultaneity and the unobserved heterogeneity. Policy implications are discussed.

Originality/value

This study contributes to the extant literature by assessing how female ownership of bank accounts complements female inclusive education to reduce female unemployment.

Keywords

Acknowledgements

The authors are indebted to the editor and reviewers for constructive comments.

Citation

Asongu, S. (2024), "Fighting female unemployment: the role of female ownership of bank accounts in complementing female inclusive education", Journal of Entrepreneurship and Public Policy, Vol. 13 No. 3, pp. 372-390. https://doi.org/10.1108/JEPP-04-2023-0044

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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