Abstract
In improving the welfare of women asset ownership plays a key role. Therefore this paper examined asset ownership by women in urban and rural South West (SW) Nigeria. Secondary data from Demographic and Health Survey 2013 was used. Data on 1551 rural and 4323 urban women in SW Nigeria was used. Information on their socio-economic characteristics and assets (physical and natural) was obtained. Data analysis was done using descriptive statistics, multiple correspondence analysis and probit regression. In rural and urban South West the mean age was 30 years. The mean household size in rural and urban SW was 6 and 5 persons respectively. Mobile telephone has a proportionally far higher weight (0. 043, 0.050) and radio too (0.037, 0.042) than the remaining assets in rural and urban SW. From the probit regression nine variables were found to be statistically significant at various levels in both rural and urban South West. The significant variables in rural SW were age (25-34) (-0.30), age 35-49 (0.51), employed in agric and allied sector (0.17), incomplete secondary school education (-0.14), complete secondary school education (-0.16), higher education (0.84), being a female household head (0.17), marital status-married (0.63). In the urban SW the variables that are significant are age-35-49 (-0.32), skilled and unskilled employment (0.13), employed in agric. and allied sector (-0.50), employed in the services sector (0.10), incomplete secondary education (0.24), complete secondary education (0.28), household sized 6-10 persons (-0.12), >10 persons household size (-0.23). Conceited efforts should therefore be put in place by women agencies to enact policies that will help women to own more assets.
Highlights
Assets may be intangible in form of social capital, skills and knowledge or tangible in form of equipment, farmland, livestock and dwellings [1]
Aj represents the weight of class j and Rij the classification of woman i to class j, Socio-Economic Characteristics of Women in South West In Table 1, 35.7% of women are within 35-49 years closely followed by women within 25-34 years (34.6%) in rural SW, while in the urban area 33.6% of women are within 15-24 years and between 25-34 years
It is evidenced from this paper that women in rural south west do no own enough assets needed for their improved welfare compared to their urban counterparts
Summary
Assets may be intangible in form of social capital, skills and knowledge or tangible in form of equipment, farmland, livestock and dwellings [1]. Productive assets such as human capital (time, skills), natural (land, livestock, water, and forest), financial capital and fixed capital are those that are used as inputs in the production process. Non-productive assets yield income through transfers or capital gains when assets are liquidated. [2] stated that the two categories of assets offer a source of income and a store of wealth. Assets helps to generate livelihoods and buffer the effect of common disasters of diseases, flooding and drought that affect many African countries [3]. Assets can be distinguished based on ownership and can be solely held by persons and collectively held without access restrictions
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