Financial Education for Migrants and their Families

Atkinson, Adèle; Messy, Flore-Anne

doi:10.1787/5js4h5rw17vh-en

Cited by 7 publications

(6 citation statements)

References 16 publications

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“…The Financial Services Authority has also recognized the importance of designing financial education materials and programs for PMIs and their families according to the stages of the migration process: pre-departure, during, and post-migration. In particular, the Financial Services Authority focuses primarily on pre-migration and during migration (Atkinson & Messy, 2015). The pre-departure financial education program includes financial planning and basic financial management, such as savings and microcredit.…”

Section: Resultsmentioning

confidence: 99%

The Role of Institutional Collaboration Between Actors in Protecting the Economic Security of Indonesian Migrant Workers With Financial Literacy

Utami¹,

Rikza²,

Anggresta³

et al. 2022

J. Bina Praja

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This study focuses on the collaboration between the Ministry of Education, Culture, Research and Technology of the Government of Indonesia, the Bhakti Jaya Indonesia Foundation, and the Universitas Pembangunan Nasional "Veteran" Jawa Timur to improve the economic protection of Indonesian migrant workers in Taiwan. The three actors are representatives of state actors and non-state actors. The financial condition of Indonesian migrant workers is often in the spotlight with their inability to get out of the debt trap and consumptive financial management. Moreover, this condition finally seemed to throw away all the hard work of PMI while working abroad. Based on this fact, an institutional collaboration between state and non-state actors has initiated a financial literacy program for Indonesian migrant workers, which is indeed the implementation of the normative law of economic protection in accordance with the mandate of state law. This research was conducted using a qualitative descriptive approach which aims to describe the phenomena raised by the researchers through contextual studies. Researchers also use a literature review instrument to complement the research approach. Meanwhile, researchers used qualitative data analysis that took primary and secondary data for data analysis. This study highlights how the gaps in Indonesian migrant workers' inability to manage their finances can be addressed with good collaboration between state and non-state actors. It is hoped that from this research, there will be many similar programs to improve Indonesian migrant workers' welfare, especially in Taiwan.

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Section: Resultsmentioning

confidence: 99%

The Role of Institutional Collaboration Between Actors in Protecting the Economic Security of Indonesian Migrant Workers With Financial Literacy

Utami¹,

Rikza²,

Anggresta³

et al. 2022

J. Bina Praja

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“…These descriptive statistics indicate that households with bank accounts receive on average more than three times more funds to be invested productively. Research has shown that financial training can encourage more remittance savings (Doi, Mckenzie and Zia, 2012;Atkinson and Messy, 2015).…”

Section: Return Migration Is Linked To Higher Productive Assets and B...mentioning

confidence: 99%

Interrelations between Public Policies, Migration and Development in the Philippines

2017

OECD Development Pathways

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“…funds to be invested productively. Research has shown that financial training can encourage more remittance savings (Doi, Mckenzie and Zia, 2012;Atkinson and Messy, 2015).…”

Section: Amount Of Remittances (Php)mentioning

confidence: 99%

Households with emigrants have fewer family workers, and are more likely to hire in labour

2017

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ForewordThe Philippines has developed institutions, policies and good practices for governing the various phases and types of migration by virtue of decades of experience as a source country for international migrants. The creation of the Sub-Committee on International Migration and Development (SCIMD) in 2014 was one step forward in its pursuit of multi-level migration governance. The policy-making approach has also evolved from a primary concern to increase overseas employment opportunities, to an emphasis on migrant protection and the linkages with development. Recent attention to development has led to the inclusion of international migration in the two national development plans, the Philippine Development Plan 2011-2016, which continued in the newly approved Philippine Development Plan 2017Plan -2022 In this context, the OECD Development Centre and the European Commission began a project to provide empirical evidence on the interrelations between public policies, migration and development (IPPMD) in ten countries around the world, including the Philippines. This report, which presents the Philippines's findings, is the result of four years of fieldwork, empirical analysis and policy dialogue, conducted in collaboration with the Scalabrini Migration Center, and with strong support from the Commission on Filipinos Overseas.The report examines how the various dimensions of migration affect key policy sectors -the labour market, agriculture, education, and investment and financial services. It also analyses how policies in these sectors influence a range of migration outcomes, such as the decision to migrate, the use of remittances and the success of return migration. The empirical analysis is based on fieldwork in the Philippines, which involved collecting quantitative data from 1 999 households and 37 communities across four provinces, and conducting 40 qualitative stakeholder interviews.This report is published in parallel with nine other country reports and one comparative report, which analyses the cross-country findings and provides a coherent policy framework drawn from the fieldwork and analysis in the ten partner countries. The Philippine report is intended as a toolkit for better understanding the role that public policies play in the migration and development nexus. It also aims to foster policy dialogue and provide guidance on how best to integrate migration into national development strategies. Building on discussions with key stakeholders and policy makers FOREWORD 4 INTERRElATIONS BETWEEN PuBlIC POlICIES, MIGRATION AND DEvElOPMENT IN THE PHIlIPPINES © OECD/SCAlABRINI MIGRATION CENTER 2017in the Philippines, the OECD Development Centre and the Scalabrini Migration Center look forward to continuing their co-operation to enhance the positive contribution of migration to the country's sustainable development.

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Financial Education for Migrants and their Families

Cited by 7 publications

References 16 publications

The Role of Institutional Collaboration Between Actors in Protecting the Economic Security of Indonesian Migrant Workers With Financial Literacy

The Role of Institutional Collaboration Between Actors in Protecting the Economic Security of Indonesian Migrant Workers With Financial Literacy

Interrelations between Public Policies, Migration and Development in the Philippines

Households with emigrants have fewer family workers, and are more likely to hire in labour

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