Financial well-being of internal migrant labours: the role of financial socialisation, financial knowledge and financial behaviour

IF 1.9 Q2 ECONOMICS

INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS Pub Date : 2024-05-03 DOI:10.1108/ijse-01-2024-0044

Abdul Gafoor, S Amilan, Versha Patel

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引用次数: 0

Abstract

Purpose

The primary purpose of the research is to examine the impact of financial socialisation (FS) on the financial well-being (FWB) of unskilled internal migrant labourers, particularly focusing on the intervening roles of financial knowledge (FK) and financial behaviour (FB).

Design/methodology/approach

Using a cross-sectional research design, primary data from 269 unskilled internal migrant labourers were collected, applying the purposive sampling method. Using the data, the direct and mediated effects are examined through a three-path mediation model with structural equation modelling (SEM).

Findings

Direct relationship analysis of FS on FWB exhibits an insignificant relationship, and FK also does not mediate the relationship; instead, FB acts as a potent mediator in both relationships.

Research limitations/implications

The study enriches existing literature as it contributes to understanding the FWB of internal migrant labour, highlighting the pivotal role of FS and FB. Further, it provides insights for policymakers to enhance FWB through targeted interventions and inclusive policies, promoting social inclusion, economic empowerment and inclusive development.

Originality/value

Despite the significant economic role of unskilled internal migrant labours, studies have not focused on their FWB. Hence, the study delves into their FWB through FS directly as well as indirectly using a three-path mediation model for achieving sustainable development.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2024-0044

查看原文本刊更多论文

国内移民劳工的财务福利：财务社会化、财务知识和财务行为的作用

目的本研究的主要目的是探讨金融社会化（FS）对国内非熟练外来务工人员财务福利（FWB）的影响，尤其关注金融知识（FK）和金融行为（FB）的干预作用。研究结果直接关系分析显示，FS 与 FWB 的关系并不显著，FK 也没有起到中介作用；相反，FB 在这两种关系中都起到了有力的中介作用。研究局限/意义本研究丰富了现有文献，有助于理解国内移民劳工的 FWB，突出了 FS 和 FB 的关键作用。此外，本研究还为政策制定者提供了见解，帮助他们通过有针对性的干预措施和包容性政策提高家庭福利预算，促进社会包容、经济赋权和包容性发展。因此，本研究利用三路径调解模型，通过直接和间接的金融服务，深入研究他们的家庭福利预算，以实现可持续发展。同行评审本文的同行评审历史可在以下网址查阅：https://publons.com/publon/10.1108/IJSE-01-2024-0044。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS ECONOMICS-

CiteScore

3.20

自引率

5.30%

发文量

期刊介绍： The International Journal of Social Economics publishes original and peer-reviewed theoretical and empirical research in the field of social economics. Its focus is on the examination and analysis of the interaction between economic activity, individuals and communities. Social economics focuses on the relationship between social action and economies, and examines how social and ethical norms influence the behaviour of economic agents. It is inescapably normative and focuses on needs, rather than wants or preferences, and considers the wellbeing of individuals in communities: it accepts the possibility of a common good rather than conceiving of communities as merely aggregates of individual preferences and the problems of economics as coordinating those preferences. Therefore, contributions are invited which analyse and discuss well-being, welfare, the nature of the good society, governance and social policy, social and economic justice, social and individual economic motivation, and the associated normative and ethical implications of these as they express themselves in, for example, issues concerning the environment, labour and work, education, the role of families and women, inequality and poverty, health and human development.