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Motivating migrants: A field experiment on financial decision-making in transnational households

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  • Seshan, Ganesh
  • Yang, Dean

Abstract

We randomly assigned male migrant workers in Qatar invitations to a motivational workshop aimed at improving financial habits and encouraging joint decision-making with spouses back home in India. 13–17months later, we surveyed migrants and wives to estimate intent-to-treat impacts in their transnational households. Wives of treated migrants changed their financial practices and became more likely to seek out financial education themselves. Treated migrants and their wives became more likely to make joint decisions on money matters. Treatment effects on financial outcomes show potential heterogeneity, with those with lower prior savings saving differentially more than those with higher prior savings.

Suggested Citation

  • Seshan, Ganesh & Yang, Dean, 2014. "Motivating migrants: A field experiment on financial decision-making in transnational households," Journal of Development Economics, Elsevier, vol. 108(C), pages 119-127.
  • Handle: RePEc:eee:deveco:v:108:y:2014:i:c:p:119-127
    DOI: 10.1016/j.jdeveco.2014.01.005
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    Citations

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    Cited by:

    1. David McKenzie & Dean Yang, 2015. "Evidence on Policies to Increase the Development Impacts of International Migration," World Bank Research Observer, World Bank Group, vol. 30(2), pages 155-192.
    2. Ambler, Kate, 2015. "Don't tell on me: Experimental evidence of asymmetric information in transnational households," Journal of Development Economics, Elsevier, vol. 113(C), pages 52-69.
    3. Teresa Molina Millán & Karen Macours, 2017. "Attrition in randomized control trials: Using tracking information to correct bias," FEUNL Working Paper Series novaf:wp1702, Universidade Nova de Lisboa, Faculdade de Economia.
    4. Pierre Bachas & Paul Gertler & Sean Higgins & Enrique Seira, 2017. "How Debit Cards Enable the Poor to Save More," NBER Working Papers 23252, National Bureau of Economic Research, Inc.
    5. Clemens, Michael A., 2017. "Testing for Repugnance in Economic Transactions: Evidence from Guest Work in the Gulf," IZA Discussion Papers 11061, Institute for the Study of Labor (IZA).
    6. Doi, Yoko & McKenzie, David & Zia, Bilal, 2014. "Who you train matters: Identifying combined effects of financial education on migrant households," Journal of Development Economics, Elsevier, vol. 109(C), pages 39-55.
    7. repec:cai:edddbu:edd_311_0097 is not listed on IDEAS
    8. Tim Kaiser & Lukas Menkhoff, 2017. "Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?," World Bank Economic Review, World Bank Group, vol. 31(3), pages 611-630.
    9. Teresa Molina Millan & Karen Macours, 2017. "Attrition in randomized control trials: Using tracking information to correct bias," NOVAFRICA Working Paper Series wp1702, Universidade Nova de Lisboa, Faculdade de Economia, NOVAFRICA.
    10. Bruhn, Miriam & Lara Ibarra, Gabriel & McKenzie, David, 2014. "The minimal impact of a large-scale financial education program in Mexico City," Journal of Development Economics, Elsevier, vol. 108(C), pages 184-189.

    More about this item

    Keywords

    Financial education; International migration; Financial decision-making; Savings; Remittances; India; Qatar;

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments

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