The impact of financial literacy on remittance decisions in transnational households: The case of Mongolian migrants in Japan
| Project/Area Number |
19K13713
|
|---|
| Research Category |
Grant-in-Aid for Early-Career Scientists
|
| Allocation Type | Multi-year Fund |
|---|
| Review Section |
Basic Section 07040:Economic policy-related
|
|---|
| Research Institution | The University of Tokyo (2021-2022)
JICA Ogata Sadako Research Institute for Peace and Development (2019-2020) |
|---|
Principal Investigator |
MURAKAMI Enerelt 東京大学, 大学院農学生命科学研究科(農学部), 農学特定研究員 (60835867)
|
|---|
| Project Period (FY) |
2019-04-01 – 2023-03-31
|
| Project Status |
Completed (Fiscal Year 2022)
|
| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2022: ¥260,000 (Direct Cost: ¥200,000、Indirect Cost: ¥60,000)
Fiscal Year 2021: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2020: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2019: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
|
|---|
| Keywords | Financial literacy / Financial inclusion / Migration / Remittances / International migration / 経済統計学 / 送金 / 移民 / 金融リテラシー |
|---|
| Outline of Research at the Start |
Evidence shows limited impact of remittances on development. Underutilization of remittances for development is due to lack financial literacy. This research aims to implement a randomized experiment to study the impact of financial literacy on financial decision in transnational households.
|
| Outline of Final Research Achievements |
This research study aimed to explore the determinants of financial literacy and inclusion and their influence on the financial decision-making of migrants, specifically in relation to remittances. Throughout the research period, online surveys were conducted targeting Mongolian migrants in Japan and their families residing in Mongolia. Additionally, online financial literacy trainings covering various topics such as budgeting, saving, investment, financial risks, loans, insurance, fintech, and remittance processes were provided. By utilizing both the primary data collected from the surveys and publicly available data, the research generated a comprehensive survey report. Furthermore, research papers were developed based on the findings, which are currently being considered for publication in international peer-reviewed journals. The research findings have also been presented at various international and domestic academic conferences.
|
| Academic Significance and Societal Importance of the Research Achievements |
本研究により、移民とその家族の金融リテラシーは高いことが判明した。金融リテラシーの主な要因は、所得、日本語能力、教育レベルであること、金融リテラシーは移民の送金決定に影響を与えないことが明らかとなった。また、本研究ではモンゴル人が同じ開発水準の国々よりも金融包摂が高く、女性や教育レベルの高い年配者がより金融的に包摂される可能性が高いことも明らかとなった。
|
Report
(5 results)
Research Products
(9 results)
