Evaluating financial literacy training for migrant workers in the gulf
Title: Evaluating financial literacy training for migrant workers in the gulf
Author: SESHAN, Ganesh K.
Series/Report no.: GLMM; Explanatory note; 4/2015; Migration Policy Centre
We randomly assigned invitations to a savings-focused financial literacy workshop for married migrant Indian workers in Qatar on work contracts. Via surveys of migrants as well as their wives remaining behind in India, we provide a unique window into financial decision-making in transnational households. Migrants with low savings are most responsive, increasing their own savings and the remittances sent to their wives. They are also more likely to engage in joint decision making on money matters with spouses back home. From a practical standpoint, these results suggest that financial literacy interventions have a real potential to change migrant financial behaviours and are particularly relevant for temporary migrants in aiding them to maximise the accumulation of savings during their period of stay abroad.
Subject: Low-skilled labour; Remittances; Education; Qatar; Gulf cooperation council; India; Asia
GLMM - Gulf Labour Markets and Migration
Type of Access: openAccess