The effect of remittance related financial education on financial inclusion, 2013

This study examined the effect of remittance related financial education given to 20 Indonesian Female Domestic Workers in Singapore. A key feature of the study was its conduct of back-to-back classes for the migrant workers families in Indonesia. The descriptive results are indicative of the effectiveness of financial education and suggest that financial education has a positive effect on savings and a negative effect on frequency of remittances. Asymmetry in information between the migrant and the household and evidence of increased communication between household members after taking the classes, were observed.

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