Calling the Shots: Determinants of Financial Decision-making and Behavior in Domestic Migrant Households in India

IF 1.2 Q3 BUSINESS, FINANCE

Journal of Emerging Market Finance Pub Date : 2022-03-28 DOI:10.1177/09726527221082005

Vinith Kurian, Shashank Sreedharan, F. Valenti

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引用次数: 1

Abstract

This article explores financial decision-making and behavior in migrant households. Literature on migration and financial inclusion usually focuses on either migrant workers and their financial needs or remittance flows and their effects on development, leaving the subject of household decision-making significantly underresearched. Using primary data from two sample surveys, one with migrant workers and one with their household members, we employ descriptive analysis to study the financial decision-making processes and outcomes. Our sample is mostly composed of male Indian domestic migrants from Bihar, Jharkhand, and eastern Uttar Pradesh. Our analysis considers the following migrant typology dimensions: duration of migration cycle, skills, and destination. Key household characteristics explored in our study include household size, the number of financial contributors in the household, the presence of an older male and children below the age of 18, and overall household income. Our results show that household members compete for influence over financial decisions and power balances change significantly whether the migrant is at home or at destination. These dynamics play an important role in determining household financial preferences. This suggests that financial products and interventions targeting specific financial behavior (for instance, financial literacy programs) need to take these factors into account since different households and different migrant types make these choices differently. JEL Codes: D14, O15, O16

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发号施令：印度家庭移民家庭财务决策和行为的决定因素

本文探讨了流动家庭的财务决策和行为。关于移民和普惠金融的文献通常侧重于移民工人及其金融需求或汇款流动及其对发展的影响，对家庭决策这一主题的研究明显不足。我们使用来自两个样本调查的原始数据，一个是农民工，另一个是他们的家庭成员，我们采用描述性分析来研究财务决策过程和结果。我们的样本主要由来自比哈尔邦、贾坎德邦和北方邦东部的印度男性家庭移民组成。我们的分析考虑了以下移民类型维度:移民周期的持续时间、技能和目的地。我们研究的主要家庭特征包括家庭规模、家庭中经济贡献者的数量、年龄较大的男性和18岁以下儿童的存在，以及家庭总收入。我们的研究结果表明，无论移民是在国内还是在目的地，家庭成员都会竞争对财务决策的影响力，权力平衡也会发生显著变化。这些动态在决定家庭财务偏好方面起着重要作用。这表明，针对特定金融行为的金融产品和干预措施(例如，金融扫盲计划)需要考虑这些因素，因为不同的家庭和不同的移民类型做出不同的选择。JEL代码:D14, O15, O16

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来源期刊

Journal of Emerging Market Finance BUSINESS, FINANCE-

CiteScore

1.80

自引率

33.30%

发文量

期刊介绍： The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.