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Abstract

This study aims to analyze the effect of household loan participation on microfinance (LKM) on the level of welfare in the form of expenditure for education and health by using IFLS data in 2014. The methods used are Ordinary Least Square (OLS) and Instrumental Variable (IV). The results of the analysis show that households that make loans are proven to have higher levels of education spending, especially for households in urban areas. Meanwhile, the existence of household loans did not have a significant effect on health expenditure. The conclusion of this study is that household loans only affect expenditure for education, especially for urban households.

Bahasa Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh partisipasi pinjaman rumah tangga pada LKM terhadap tingkat kesejahteraan dalam bentuk pengeluaran untuk pendidikan dan kesehatan dengan menggunakan data IFLS tahun 2014. Metode yang digunakan adalah Ordinary Least Square (OLS) dan Instrumental Variable (IV). Hasil analisis menunjukkan bahwa rumah tangga yang melakukan pinjaman terbukti memiliki tingkat pengeluaran pendidikan yang lebih tinggi, terutama untuk rumah tangga di perkotaan. Sementara itu, adanya pinjaman rumah tangga ternyata tidak berpengaruh signifikan terhadap pengeluaran untuk kesehatan. Kesimpulan dari penelitian ini adalah pinjaman rumah tangga pada LKM hanya berpengaruh terhadap pengeluaran untuk pendidikan, terutama bagi rumah tangga di perkotaan.

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