00000ctm a22000004i 4500 UP-99796217613076054 Buklod 20190725171953.0 aa r ||| u ta 190725s2019 xx d r |||| u| (iLib)UPD-00410964770 DECON rda eng DMLUC LG 993.5 2019 E2 C37 Castillo, Jad Algin Salamat author. The effects of education on access to financial institutions by Jad Algin Salamat Castillo and Rodrigo Tolentino Monzon ; Joseph J. Capuno, thesis adviser. Quezon City School of Economics, University of the Philippines Diliman 2019. 55 leaves 28 cm. text rdacontent unmediated rdamedia volume rdacarrier Thesis (B.S. Business Economics) -- University of the Philippines Diliman May 2019. Education is one of the primary goals of the Philippines, under the Philippine Development Plan 2017_2022, along with an inclusive monetary and financial system by the Bangko Sentral ng Pilipinas. Part of creating an inclusive financial system is through financial literacy. It is important for people to be knowledgeable about financial products and services for various reasons that can improve their welfare. Our research aims to study the effects of education to access to financial institutions of households in the Philippines using probabilistic regression and multinomial probit models of the 2017 Financial Inclusion Survey by the BSP. We used marginal effects of educational attainment to measure its partial effects relative to other socioeconomic and demographic factors. To further establish the relationship, we did specification tests by measuring financial institutions based on its formal and informal types, and by using different income variables of households. As a result, increases to educational attainment positively affects access to financial institutions; however, with low levels of education only to informal institutions. The findings also suggested that other household factors have positive effect on access to financial institutions such as income, age, urban areas, and employment and negative effect for regional area. Financial literacy Economic aspects Philippines. Educational attainment Economic aspects Philippines. Monzon, Rodrigo Tolentino joint author. Capuno, Joseph J. thesis adviser. FI UP UPD DECON LG 993.5 2019 E2 C37 Thesis