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Remittances and the financial capabilities of migrant households in the Philippines

Remittances and the financial capabilities of migrant households in the Philippines This exploratory mixed methods study sought to determine the financial capabilities of remittance-receiving households from two rural municipalities in the Philippines: San Nicolas in Ilocos Norte province and Moncada in Tarlac province. The broader concept of financial capabilities not only looks at people’s financial literacy but also their financial inclusion (access to financial products) and financial functionings (actions on finance). Quantitative household surveys and qualitative data gathering methods that fall under a rapid qualitative inquiry (RQI) design were employed. Results and findings show that more remittance-receiving households from San Nicolas saved, invested, and did business in their hometown compared to counterpart migrant household respondents from Moncada. Differences in migrant households’ levels of financial literacy, as well as the geographic make-up and economic activities of the two municipalities, may help explain why one municipality had more migrant investors, savers, and entrepreneurs over the other. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian and Pacific Migration Journal SAGE

Remittances and the financial capabilities of migrant households in the Philippines

Opiniano, Jeremaiah M.
Asian and Pacific Migration Journal , Volume 30 (3): 16 – Sep 1, 2021
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References (32)

Publisher
SAGE
Copyright
© Scalabrini Migration Center 2021
ISSN
0117-1968
DOI
10.1177/01171968211044573
Publisher site
See Article on Publisher Site

Abstract

This exploratory mixed methods study sought to determine the financial capabilities of remittance-receiving households from two rural municipalities in the Philippines: San Nicolas in Ilocos Norte province and Moncada in Tarlac province. The broader concept of financial capabilities not only looks at people’s financial literacy but also their financial inclusion (access to financial products) and financial functionings (actions on finance). Quantitative household surveys and qualitative data gathering methods that fall under a rapid qualitative inquiry (RQI) design were employed. Results and findings show that more remittance-receiving households from San Nicolas saved, invested, and did business in their hometown compared to counterpart migrant household respondents from Moncada. Differences in migrant households’ levels of financial literacy, as well as the geographic make-up and economic activities of the two municipalities, may help explain why one municipality had more migrant investors, savers, and entrepreneurs over the other.

Journal

Asian and Pacific Migration Journal – SAGE

Published: Sep 1, 2021

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