Yoko Doi|David McKenzie|Bilal Zia
Who you train matters: Identifying combined effects of financial education on migrant households
World Bank|World Bank|Centre for Economic Policy Research|World Bank
long concern among policymakers much remittances consumed little saved limiting development impact migration financial literacy programs become increasingly popular way try address issue date evidence effective inducing savings among remittancereceiving households clear whether programs best targeted migrant remittance receiver conducted randomized experiment indonesia allocated female migrants families control group migrantonly training group family memberonly training group training group migrant family member trained three rounds followup surveys used measure impacts financial knowledge behaviors remittance savings outcomes remaining household find training migrant family member together large significant impacts knowledge behaviors savings training family member alone positive smaller effects training migrant leads impacts remaining family members results show financial education large effects provided teachable moment impact varies greatly receives training