Education and Banking in Burundi

Abstract

This study investigate whether educated Burundians utilize more banking services (N=55,567). Our results suggest that more educated Burundian are more likely to utilize banking services. Quantitatively, an additional year of education in Burundi leads to a 2.3 percentage points rise in the probability of Burundian using banking services, completing primary schooling increases the probability of Burundian using banking services by 12.2 percentage points, and completing secondary schooling increases the probability of Burundian using banking services by 29.0 percentage points.