The Impact of Financial Literacy Training for Migrants at Destination

Lowering the cost of sending remittances has become a major goal of policy efforts in migration, and an area the World Bank has worked on across the globe. Two main channels for lowering these costs are regulatory reforms to promote competition and...

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Main Authors:	Gibson, John, McKenzie, David, Zia, Bilal
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ANNUAL SAVING BUDGETING CHURCHES COMPARISON OF COSTS EXCHANGE RATE FINANCIAL BEHAVIORS FINANCIAL BENEFITS FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY EFFORTS FINANCIAL LITERACY TRAINING FINANCIAL SERVICES LARGE TRANSFER MIGRANTS PAYDAY LOANS READING REMITTANCE REMITTANCE PRODUCTS REMITTANCES SAVINGS
Online Access:	http://documents.worldbank.org/curated/en/2012/05/16579526/impact-financial-literacy-training-migrants-destination http://hdl.handle.net/10986/12415

id	okr-10986-12415
recordtype	oai_dc
spelling	okr-10986-124152021-04-23T14:03:06Z The Impact of Financial Literacy Training for Migrants at Destination Gibson, John McKenzie, David Zia, Bilal ANNUAL SAVING BUDGETING CHURCHES COMPARISON OF COSTS EXCHANGE RATE FINANCIAL BEHAVIORS FINANCIAL BENEFITS FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY EFFORTS FINANCIAL LITERACY TRAINING FINANCIAL SERVICES LARGE TRANSFER MIGRANTS PAYDAY LOANS READING REMITTANCE REMITTANCE PRODUCTS REMITTANCES SAVINGS Lowering the cost of sending remittances has become a major goal of policy efforts in migration, and an area the World Bank has worked on across the globe. Two main channels for lowering these costs are regulatory reforms to promote competition and the introduction of new products; and efforts to increase the disclosure of costs of remitting money through websites. However, the success of such policies depends on the ability of migrants to understand how to use the different methods available for remitting, and on their understanding of the costs implied by each method. Existing evidence suggests migrants often lack knowledge in these areas, suggesting scope for financial literacy efforts to change their behavior. 2013-02-20T15:02:30Z 2013-02-20T15:02:30Z 2012-05 http://documents.worldbank.org/curated/en/2012/05/16579526/impact-financial-literacy-training-migrants-destination http://hdl.handle.net/10986/12415 English en_US Finance & PSD Impact;no. 18. The Lessons from DECRG-FP Impact Evaluations CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Australia New Zealand Sri Lanka
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ANNUAL SAVING BUDGETING CHURCHES COMPARISON OF COSTS EXCHANGE RATE FINANCIAL BEHAVIORS FINANCIAL BENEFITS FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY EFFORTS FINANCIAL LITERACY TRAINING FINANCIAL SERVICES LARGE TRANSFER MIGRANTS PAYDAY LOANS READING REMITTANCE REMITTANCE PRODUCTS REMITTANCES SAVINGS
spellingShingle	ANNUAL SAVING BUDGETING CHURCHES COMPARISON OF COSTS EXCHANGE RATE FINANCIAL BEHAVIORS FINANCIAL BENEFITS FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY EFFORTS FINANCIAL LITERACY TRAINING FINANCIAL SERVICES LARGE TRANSFER MIGRANTS PAYDAY LOANS READING REMITTANCE REMITTANCE PRODUCTS REMITTANCES SAVINGS Gibson, John McKenzie, David Zia, Bilal The Impact of Financial Literacy Training for Migrants at Destination
geographic_facet	Australia New Zealand Sri Lanka
relation	Finance & PSD Impact;no. 18. The Lessons from DECRG-FP Impact Evaluations
description	Lowering the cost of sending remittances has become a major goal of policy efforts in migration, and an area the World Bank has worked on across the globe. Two main channels for lowering these costs are regulatory reforms to promote competition and the introduction of new products; and efforts to increase the disclosure of costs of remitting money through websites. However, the success of such policies depends on the ability of migrants to understand how to use the different methods available for remitting, and on their understanding of the costs implied by each method. Existing evidence suggests migrants often lack knowledge in these areas, suggesting scope for financial literacy efforts to change their behavior.
format	Publications & Research :: Brief
author	Gibson, John McKenzie, David Zia, Bilal
author_facet	Gibson, John McKenzie, David Zia, Bilal
author_sort	Gibson, John
title	The Impact of Financial Literacy Training for Migrants at Destination
title_short	The Impact of Financial Literacy Training for Migrants at Destination
title_full	The Impact of Financial Literacy Training for Migrants at Destination
title_fullStr	The Impact of Financial Literacy Training for Migrants at Destination
title_full_unstemmed	The Impact of Financial Literacy Training for Migrants at Destination
title_sort	impact of financial literacy training for migrants at destination
publisher	World Bank, Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2012/05/16579526/impact-financial-literacy-training-migrants-destination http://hdl.handle.net/10986/12415
_version_	1764422302823350272

The Impact of Financial Literacy Training for Migrants at Destination

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