John Gibson|David McKenzie|Bilal Zia
The Impact of Financial Literacy Training for Migrants1*
remittances major source external financing many developing countries cost sending remains high many migration corridors despite efforts lower costs offering new products developing costcomparison information sources many new promising inexpensive remittance methods relatively low adoption rates lack financial literacy among migrants identified one potentially important barrier competition new product adoption paper presents results randomized experiment designed measure impact providing financial literacy training migrants training appears increase financial knowledge informationseeking behavior reduces risk switching costlier remittance products result significant changes frequency remitting remitted amount