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Financial Education vs. Access to Finance Among Filipino Migrants

Paolo Abarcar
International remittances are an important financial tool for many developing countries, and many organizations offer financial products or financial education services to help families manage the remittances they receive. Researchers provided families with financial products and financial education...

Increasing Financial Aspirations to Improve Financial Decision-Making and Outcomes in the Philippines

David McKenzie
Aakash Mohpal
Researchers conducted a randomized evaluation to test whether encouraging entrepreneurs to raise their aspirations helped them improve their financial decisions and outcomes. The aspirations training led individuals to set higher savings goals, but most participants failed to achieve their goals.