A Study on Financial Knowledge and Financial Management Behavior of North Korean Defectors

Son, Jiyeon; Park, Joo Yung

doi:10.36029/fpr.2018.11.11.4.55

Cited by 2 publications

(1 citation statement)

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“…The effects of financial education cannot be guaranteed if the content does not equip migrant workers with necessary financial skills and promote sound financial attitudes. Previous studies show that people with low income might not show improvements in financial behavior solely by attending financial education programs (Collins, 2013; Fernandes et al, 2014; Son and Park, 2018), which could be applicable to this study as well. Doi et al (2014) argued that providing opportunities for financial education should also target their families in the home country.…”

Section: Discussionmentioning

confidence: 69%

Financial capabilities and financial behavior of overseas Filipino workers in South Korea

Kim

Gyoung

Jang³

2022

Asian and Pacific Migration Journal

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This study aimed to identify factors affecting the financial behavior of overseas Filipino workers. Responses from a survey of 116 Filipino workers in Korea were analyzed using descriptive statistics and hierarchical regression. The results revealed that some Filipino workers showed sound financial behavior only for simple financial activities; many were not equipped with complex financial management skills. Migrant workers with high financial self-efficacy in the Philippines were likely to have more positive financial behavior. However, this was not significantly associated with financial literacy or attendance in financial education programs. Implications for the development of financial education for migrant workers are discussed.

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