Publication:
The Impact of Financial Literacy Training for Migrants

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dc.contributor.authorGibson, John
dc.contributor.authorMcKenzie, David
dc.contributor.authorZia, Bilal
dc.date.accessioned2012-06-29T21:51:14Z
dc.date.available2012-06-29T21:51:14Z
dc.date.issued2012-05
dc.description.abstractRemittances 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 reduce the risk of switching to costlier remittance products. But it does not change either the frequency or level of remittances.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/05/16273254/impact-financial-literacy-training-migrants
dc.identifier.doi10.1596/1813-9450-6073
dc.identifier.urihttps://hdl.handle.net/10986/9348
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 6073
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectADVERTISEMENTS
dc.subjectANNUAL INCOME
dc.subjectANNUAL PERCENTAGE RATE
dc.subjectANNUAL SAVING
dc.subjectANTI-MONEY LAUNDERING
dc.subjectANTI-MONEY LAUNDERING REGULATIONS
dc.subjectAPR
dc.subjectATM
dc.subjectATM CARD
dc.subjectATM CARDS
dc.subjectATM WITHDRAWALS
dc.subjectATTENDANCE RATE
dc.subjectBANK TRANSFER
dc.subjectBANKING SERVICES
dc.subjectBANKS
dc.subjectBIASES
dc.subjectBORROWING
dc.subjectBRAIN DRAIN
dc.subjectBUDGETING
dc.subjectBULLETIN
dc.subjectCASH ADVANCE
dc.subjectCIVIL CONFLICT
dc.subjectCOMMUNITY CENTERS
dc.subjectCOMMUNITY GROUPS
dc.subjectCOMPOUND INTEREST
dc.subjectCONSUMER
dc.subjectCONSUMER PROTECTION
dc.subjectCONTRIBUTION
dc.subjectCOSTS OF REMITTANCES
dc.subjectCREDIT CARD
dc.subjectCREDIT CARDS
dc.subjectCULTURAL CHANGE
dc.subjectDEBIT CARD
dc.subjectDEBIT CARDS
dc.subjectDEBT
dc.subjectDEBT MANAGEMENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDIRECT DEBIT
dc.subjectDISSEMINATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC IMPLICATIONS
dc.subjectEDUCATION LEVEL
dc.subjectEMIGRATION
dc.subjectEQUALITY
dc.subjectETHICS
dc.subjectETHNIC GROUP
dc.subjectEXCHANGE RATE
dc.subjectEXTENDED FAMILIES
dc.subjectEXTENDED FAMILY
dc.subjectEXTERNAL FINANCE
dc.subjectFAMILIES
dc.subjectFAMILY MEMBERS
dc.subjectFAMILY REUNIFICATION
dc.subjectFINANCE COMPANIES
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL ACTIONS
dc.subjectFINANCIAL BEHAVIOR
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL EDUCATION PROGRAM
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL KNOWLEDGE
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL LITERACY EFFORTS
dc.subjectFINANCIAL LITERACY TRAINING
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MATTERS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL PROVIDER
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEM
dc.subjectFIRST LANGUAGE
dc.subjectFORM OF CREDIT
dc.subjectFORMAL TRANSFER SYSTEMS
dc.subjectFORMS OF CREDIT
dc.subjectGLOBAL DEVELOPMENT
dc.subjectHEALTH PROBLEMS
dc.subjectHIGHER EDUCATION
dc.subjectHIGHER EDUCATION LEVELS
dc.subjectHOME COUNTRIES
dc.subjectHOME COUNTRY
dc.subjectHOUSEHOLD INVESTMENT
dc.subjectHOUSEHOLDS
dc.subjectIMMIGRANT
dc.subjectIMMIGRANTS
dc.subjectIMMIGRATION
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINFORMATION ON CREDIT
dc.subjectINFORMED CONSUMERS
dc.subjectINTEREST COST
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL EFFORTS
dc.subjectINTERNATIONAL MIGRATION
dc.subjectLACK OF AWARENESS
dc.subjectLEARNING
dc.subjectLITERACY COURSE
dc.subjectLITERACY LEVELS
dc.subjectLITERACY RATES
dc.subjectLOW COST
dc.subjectLOW COSTS
dc.subjectLOW-INCOME
dc.subjectLOW-INCOME CUSTOMERS
dc.subjectMEDIA COVERAGE
dc.subjectMICROFINANCE
dc.subjectMIGRANT
dc.subjectMIGRANT GROUPS
dc.subjectMIGRANT POPULATIONS
dc.subjectMIGRANTS
dc.subjectMINIMUM PAYMENT
dc.subjectMONEY TRANSFER
dc.subjectMONEY TRANSFER OPERATOR
dc.subjectMONEY TRANSFER OPERATORS
dc.subjectMONEY TRANSFERS
dc.subjectMONTHLY EXPENSES
dc.subjectPAYDAY LENDERS
dc.subjectPAYDAY LOAN
dc.subjectPAYDAY LOANS
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOPULATION GROUPS
dc.subjectPOST OFFICES
dc.subjectQUESTIONNAIRE
dc.subjectQUESTIONNAIRES
dc.subjectRATE OF INTEREST
dc.subjectREFUGEE
dc.subjectREMITTANCE
dc.subjectREMITTANCE AMOUNT
dc.subjectREMITTANCE CHANNELS
dc.subjectREMITTANCE CORRIDOR
dc.subjectREMITTANCE CORRIDORS
dc.subjectREMITTANCE COSTS
dc.subjectREMITTANCE FLOWS
dc.subjectREMITTANCE PRODUCT
dc.subjectREMITTANCE PRODUCTS
dc.subjectREMITTANCE RECEIVERS
dc.subjectREMITTANCE SERVICES
dc.subjectREMITTANCE TRANSACTION
dc.subjectREMITTANCE TRANSACTIONS
dc.subjectREMITTANCE TRANSFER
dc.subjectREMITTANCE TRANSFERS
dc.subjectREMITTANCES
dc.subjectREMITTERS
dc.subjectREPAYMENT
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNTS
dc.subjectSCHOOLING
dc.subjectSEASONAL MIGRANTS
dc.subjectSEND MONEY
dc.subjectSEND REMITTANCES
dc.subjectSOURCE OF INFORMATION
dc.subjectSOURCES OF CREDIT
dc.subjectTEACHING
dc.subjectTERM CREDIT
dc.subjectTRAINING COURSE
dc.subjectTRAINING SESSION
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSFER COSTS
dc.subjectTRANSFER FEES
dc.subjectTRANSFER METHOD
dc.subjectUNION
dc.subjectUNIVERSITY EDUCATION
dc.subjectURBAN AREA
dc.subjectURBAN AREAS
dc.subjectVOLUME OF TRANSFERS
dc.subjectWAGE
dc.titleThe Impact of Financial Literacy Training for Migrantsen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleThe Impact of Financial Literacy Training for Migrants
okr.date.disclosure2012-05-01
okr.date.doiregistration2025-04-10T10:59:10.847751Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/05/16273254/impact-financial-literacy-training-migrants
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEducation
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeHealth, Nutrition, and Population
okr.guid847061468181487628
okr.identifier.doi10.1596/1813-9450-6073
okr.identifier.externaldocumentum000158349_20120517131631
okr.identifier.internaldocumentum16273254
okr.identifier.reportWPS6073
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/17/000158349_20120517131631/Rendered/PDF/WPS6073.pdfen
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/22560
okr.sectorFinance :: General finance sector
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicEducation::Education For All
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth::Remittances
okr.unitDevelopment Research Group (DECRG)
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
okr.volume1 of 1
relation.isAuthorOfPublication148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isAuthorOfPublication.latestForDiscovery148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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