Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Economics Development Analysis Journal
Aziz Wahyu Suprayitno
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Does Financial Inclusion Enhance Indonesia's First Demographic Dividend? I Gede Putu Dharma Yusa; Aziz Wahyu Suprayitno; Faiz Abdullah Wafi
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.14913

Abstract

This study examines whether financial inclusion enhances the first demographic dividend in Indonesia. Using a household-level approach, we measure the first demographic dividend through the economic support ratio and per capita expenditure, while financial inclusion is assessed based on savings account ownership in formal financial institutions. The research utilizes data from the 2022 National Socio-Economic Survey (Susenas) and applies a multiple linear regression model estimated via the Ordinary Least Squares (OLS) method. Empirical findings indicate that financial inclusion and the economic support ratio significantly enhance the first demographic dividend, as reflected in increased per capita expenditure. However, nearly one-third of households still lack access to formal financial institutions, with evidence suggesting a concentration of savings account ownership within specific households. Subsample analysis underscores the need to optimize the demographic dividend through financial inclusion, particularly for households headed by females, those engaged in agriculture and the informal sector, poor households, and those in rural areas and outside Java. Therefore, we recommend that the financial industry expand its services beyond its current target market and proactively tailor financial products to meet the diverse needs of the Indonesian population.
Co-Authors Faiz Abdullah Wafi I Gede Putu Dharma Yusa