TY - BOOK ID - 84783768 TI - Household Financial Access and Risk Sharing in Nigeria AU - Carlson, Stacy. AU - Dabla-Norris, Era. AU - Saito, Mika. AU - Shi, Yu. PY - 2015 SN - 1498303374 1513516981 1513597914 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Consumption (Economics) KW - Financial services industry KW - Services, Financial KW - Service industries KW - Consumer demand KW - Consumer spending KW - Consumerism KW - Spending, Consumer KW - Demand (Economic theory) KW - Banks and Banking KW - Macroeconomics KW - Finance: General KW - Economic Development: Financial Markets KW - Saving and Capital Investment KW - Corporate Finance and Governance KW - Formal and Informal Sectors KW - Shadow Economy KW - Institutional Arrangements KW - Economywide Country Studies: Africa KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Urban, Rural, and Regional Economics: Household Analysis: General KW - Aggregate Factor Income Distribution KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Financial Markets and the Macroeconomy KW - Banking KW - Finance KW - Consumption KW - Household consumption KW - Income shocks KW - Income KW - National accounts KW - Financial inclusion KW - Financial markets KW - Economics KW - Banks and banking KW - Nigeria UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783768 AB - We examine the role of household financial access in determining the extent of risksharing in Nigeria using household-level panel data. We estimate changes in the response of consumption to shocks for households with formal and informal access to finance and those without, both for the country as a whole and for different regions. Our findings suggest that households with financial access who experience an unexpected negative income shock see consumption fall by 15 percentage points less than those without access. This result is mainly driven by households with informal financial access, and by household savings rather than borrowing. Regional variation in risk sharing tends to be significant, suggesting that financial inclusion efforts going forward should have a more regional focus. ER -