The Impact of Financial Literacy Training for Migrants
Remittances are a major source of external finance for many developing countries but the cost of sending remittances remains high for many migration corridors. International efforts to lower costs by facilitating the entry of new financial products and new cost comparison information sources rely heavily on the financial literacy of migrants. This paper presents the results of a randomized experiment designed to measure the impact of providing financial literacy training to migrants. Training appears to increase financial knowledge and information seeking behavior and reduces the risk of switching to costlier remittance products but does not change either the frequency or level of remittances.
|Date of creation:||May 2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +44 (0)20 7679 5888
Fax: +44 (0)20 7916 2775
Web page: http://www.cream-migration.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Gibson & Geua Boe-Gibson & Halahingano Rohorua & David McKenzie, 2007. "Efficient remittance services for development in the Pacific," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 14(2), pages 55-74, December.
- John Gibson & David McKenzie & Steven Stillman, 2013.
"Accounting for Selectivity and Duration-Dependent Heterogeneity When Estimating the Impact of Emigration on Incomes and Poverty in Sending Areas,"
Economic Development and Cultural Change,
University of Chicago Press, vol. 61(2), pages 247 - 280.
- Gibson, John & McKenzie, David & Stillman, Steven, 2010. "Accounting for selectivity and duration-dependent heterogeneity when estimating the impact of emigration on incomes and poverty in sending areas," Policy Research Working Paper Series 5268, The World Bank.
- Dean Karlan & Jonathan Zinman, 2008. "Lying About Borrowing," Journal of the European Economic Association, MIT Press, vol. 6(2-3), pages 510-521, 04-05.
- David J. McKenzie & Johan Mistiaen, 2009.
"Surveying migrant households: a comparison of census-based, snowball and intercept point surveys,"
Journal of the Royal Statistical Society Series A,
Royal Statistical Society, vol. 172(2), pages 339-360.
- McKenzie, David & Mistiaen, Johan, 2007. "Surveying Migrant Households: A Comparison of Census-Based, Snowball, and Intercept Point Surveys," IZA Discussion Papers 3173, Institute for the Study of Labor (IZA).
- McKenzie, David J. & Mistiaen, Johan, 2007. "Surveying migrant households : a comparison of census-based, snowball, and intercept point surveys," Policy Research Working Paper Series 4419, The World Bank.
- Carpena, Fenella & Cole, Shawn & Shapiro, Jeremy & Zia, Bilal, 2011. "Unpacking the causal chain of financial literacy," Policy Research Working Paper Series 5798, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:crm:wpaper:1216. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CReAM Administrator)or (Thomas Cornelissen)
If references are entirely missing, you can add them using this form.