Table 2

Estimated effects of digital financial literacy on digital financial practices

ModelEffect estimateRobust SE95% CI (L–U)Significance
Baseline OLS0.8570.0560.747–0.968***p < 0.001
PSM ATT (exact matching)1.3050.1820.948–1.662***p < 0.001
Overlap weighting (ATO)1.4120.1231.171–1.653***p < 0.001

Note(s): OLSs = Ordinary least squares; PSM = Propensity score matching (average treatment effect on the treated, ATT); ATO = Average treatment effect for the overlap population. Robust standard errors were used to control for heteroscedasticity

Source(s): The authors’ calculation

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